# 3 key Ethereum derivatives metrics suggest $1,600 ETH support lacks strength
” 3 key Ethereum derivatives metrics suggest $1,600 ETH support lacks strength “ Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing…