Ethereum Struggles to Reclaim $3,900 as Weak Demand and Fear Persist
The post Ethereum Struggles to Reclaim $3,900 as Weak Demand and Fear Persist appeared on BitcoinEthereumNews.com.
Key takeaways: Ethereum ETF outflows and cautious traders show limited confidence in ETH price going higher for now. Low derivatives premiums suggest a muted outlook for Ether’s price. Ether (ETH) fell 11% over the past week, even after reaching the $3,400 mark on Saturday. The drop came alongside a 4% correction in the Nasdaq index, which erased gains from the previous two weeks. Traders are now debating whether ETH still has chances to reclaim the $3,900 level. Concerns about global economic growth surfaced after weak quarterly results from consumer-focused companies and renewed worries over high valuations in the artificial intelligence sector. Meanwhile, the longest-ever US government shutdown continues to hurt the economy. ETH monthly futures annualized premium. Source: laevitas.ch Ether futures are trading at a 4% premium to spot markets, unchanged from the previous week. The data shows a limited appetite for bullish positions, although it has not yet approached panic levels below 0%. Under normal market conditions, this premium typically sits between 5% and 10% to account for the longer settlement period. Related: Cathie Wood’s ARK Invest adds BitMine shares as it offloads $30M in Tesla stock Market anxiety grew after US consumer sentiment expectations plunged to their lowest levels ever, according to a University of Michigan survey. November’s reading, released Friday, was the second weakest since at least 1978 and was largely blamed on the ongoing US government spending shutdown, AP reported. ETH/USD (blue) vs. Total crypto capitalization (red). Source: TradingView Part of Ether investors’ frustration stems from ETH 4% weekly underperformance compared to the broader crypto market. This suggests that, beyond rising macroeconomic risks, other factors have likely made traders more cautious toward Ethereum. Total value locked (TVL) on Ethereum, USD. Source: DefiLlama The total value locked on the Ethereum network fell to $74 billion—the lowest since…
Filed under: News - @ November 9, 2025 4:25 am