Ether struggles to gain momentum despite S&P 500 gains and ETF inflows, trading in a $4,200-$4,500 range. Futures at 5% premium reflect low demand. 10 days of ETF outflows reversed with $216M inflow. Network fees down 7%, but institutions keep buying Ether, totaling $9.1B in reserves. S&P 500 gains not indicative of economic outlook, path to $5,000 Ether price uncertain due to macroeconomic uncertainty.

Read more at Cointelegraph: ETH To $5K Hinges On Improvement In Global Macro