Main takeout:
ETH prices rose 22% on May 8, but demand for spot ETFs and derivatives is still muted.
The reversal of President Trump’s specific Altcoins is consistent with ETH’s new prospects.
Ether (ETH) recorded an impressive 29%profit between May 8 and May 9, and the 10 -week bear market would have been over for $ 1,385 on April 9.
Despite a surge, traders maintained their neutral posture in ETH derivatives. Whether this obvious deficit lacks a true trend reversal, or whether it remains ahead of another test of $ 2,000.
The ETH futures premium has not yet exceeded the 5% threshold related to the neutral market, indicating that the demand for the optimistic location used is significantly limited. The continuous performance of ETH, which has increased the market cap of 17% in 2025, continues to explain the lack of investor trust.
Some analysts interpret this as an open for shorter covers, while other analysts claim that the core foundation of Ether Leeum has not yet improved meaningfully.
Ether Leeum maintains leadership in distributed and TVL.
Regardless of Ether’s price measures, the recent network upgrade has strengthened its layer -2 scalability. More importantly, they help to solidify their position as the main platform of Ether Lee in the decentralization and security. This is reflected in Ether Leeum’s total value lock (TVL), which is $ 64 billion. To compare, Solana, BNB Chain and TRON, the three largest competitors, have a total of $ 22.3 billion in total value locks (TVL).
Limited demand for the Spot Ether Exchange Trade Fund (ETF) has emerged as a major warning signal. According to the data from FARSIDE Investors, even Ether’s most powerful one -day price performance has not prevented the net outflow for three consecutive days. On May 8, the US listed ether spot ETF has experienced a total of $ 16 million in net leaks.
Ether’s recent optimistic momentum may be partially due to the rapid decrease in Etherrium network fees from January to April. The decrease in network activities depends on the data processing competition because the protocol’s image mechanism relies on data processing competition, which has a negative impact on the net staying yield.
The ETH options market also provides insights about whether whales and market manufacturers expect more risks.
The current PUT (SELL) options indicate neutral emotions by dealing with equal currency (purchase) options at similar levels. This result is somewhat discouraged by ether bulls. Nevertheless, Ether was able to reclaim the market’s attention after canceling his position with the initial public approval of the US President Donald Trump’s competitive Altcoin.
relevant: The ether clock ‘crazy ‘20% candle post PECTRA -turning point?
According to the Politico Report released on May 8, President Trump felt that he had been “used” and broke his relationship with Lobbyist, who suggested an idea for strategic cryptographic reserve troops. On March 2, Trump’s social media posts specifically referred to Solana (SOL), Cardano (ADA) and XRP, but on March 6, the “Digital Asset Stockpile” administrative order had a much more reserved atmosphere.
Despite the obvious cold story of both the Ether derivatives market and the spot ETF flow, the $ 2,700 rally remains plausible.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.