ETH Price Hits $2,925, Doubt Over $3K

ETH price surged 13.5% in two days, hitting $2,925, but traders doubt a move above $3,000. ETH futures premium at 5%, still in bearish territory. Layer-2 growth and lower fees fail to boost demand. Ethereum network fees dropped 22% in 30 days to $34.8 million. TVL up to $73 billion, but DEX volumes down. ETH derivatives market lacks confidence in rally. Options skew at -3%, balancing bullish and bearish strategies. Recent price gains driven by ETF inflows and institutional purchases, but limited conviction in sustained rally.

Read more at Cointelegraph: ETH Maxis Predict $3K But Pro Traders Are Skeptical