Ethereum price greenlit for further upside after surprise 29% ETH rally

Quick Summary:

Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 on April 9.

Ether 3-month futures annualized premium.Source: laevitas.chThe ETH futures premium has yet to exceed the 5% threshold typically associated with a neutral market, indicating that demand for leveraged bullish positions remains notably limited.

For comparison, the three largest direct competitors—Solana, BNB Chain, and Tron—collectively hold a total value locked (TVL) of $22.3 billion. The limited demand for spot Ether exchange-traded funds (ETFs) has emerged as a key warning sign.

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Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Market Million Spot Ether Sentiment Investor Ethereum Futures Neutral Options Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-10 @ 02:40:56 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28524925

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