ETH whales uneasy as onchain, derivatives data reduce chance for rally to $4K
ETH investor sentiment wavers as onchain activity and bearish derivatives positioning leave whales unconvinced, reducing the odds for a rally to $4,000. Key takeaways: ETH derivatives exhibit a fading bullish appetite as Ethereum’s TVL declines and network fees decrease, reinforcing persistent risk aversion. US job layoffs climb, and seasonal hiring weakens, leaving traders waiting for…