Ether funding rate flips negative: Are ETH bears back in control?
Bearish Ether derivatives data and slowing network use weigh on ETH price, even as developers plan for faster transactions and more flexible wallet fees.
Key takeaways:
Ether price struggled as investors pulled $225 million from the spot ETFs, and Ethereum staking rewards underperformed compared to stablecoin yields.
Recent Ethereum network upgrades and plans for improved wallet security are positives, but fail to kickstart demand for Ether.