28m ago
Ether price struggles below $2,400 as derivatives, DEX volumes and macro headwinds challenge $2,500 target
Ether fell 6% after briefly reaching $2,200, moving in step with declining US equities and broader risk-off sentiment as conflict in Iran extended and oil prices climbed. Derivatives data show a subdued futures premium and a 7% options skew, while weekly Ethereum DEX volumes slid to $12.6 billion and DApp revenues dropped to $14.1 million, even as the ecosystem still commands about 65% of total value locked including layer-2s.