Why can’t Ethereum hold $4K? ETH recovery in doubt as data leans bearish
Ethereum price wobbled as weak onchain activity and low futures demand supported a potential ETH price drop to $3,500.
Key takeaways:
Ether consolidated around $4,000 as the lack of futures demand and weak ETF flows suggest the absence of bullishness.
Declining Ethereum network fees and activity suggest lower onchain demand.
