Ethereum’s Short-Term Rally Meets Skepticism: Why Traders Remain Cautious

Despite a 8% jump in price, Ethereum faces doubts from traders. While some see bullish sentiment fueled by DeFi growth and institutional interest driving the move to $3,000, derivative markets suggest lingering uncertainty about further gains. Ether’s weekly fees fell dramatically, with activity on decentralized exchanges declining significantly. Meanwhile, rival chains like Tron and Solana saw fees surge as investors look for alternative solutions in the crypto space.