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Analysis: Derivation data supports ETH short-term or is expected to hit 5000 USD.
Odaily News Despite ETH pulling back to $3,797 this week, the futures premium has risen to a 5-month high, ETF continues to see net inflows, and institutional holdings are increasing, indicating that market sentiment remains bullish. Data shows that the annualized futures premium for ETH has reached 8%, while there has been no significant defensive positioning in the options market, suggesting potential upside. (Cointelegraph)