ETH taps $2.1K as crypto, macro markets rebound: Is the bottom in?

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet?

Key takeaways:

Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling.

ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the derivatives markets in bearish territory.

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