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Weak stocks and declining DeFi use continue to weigh on Ethereum price

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Ouch, ETH. As tech stocks and DApp usage go down the red river, Ethereum is trying to keep its head above water.

To understand how professional traders, whales and market makers are positioned, let's look at Ether's futures market data.

These futures should trade at a 5% to 12% annualized premium in healthy markets. This situation is technically defined as"contango" and is not exclusive to crypto markets.Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh U.S. stocks dive

 

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