Why ETH Derivatives Traders Aren’t Buying the Dip

[AIcash]

Ether’s price bounced 22% off its $1,750 low, reclaiming the $2,100 level after a brutal nine-day selloff. But derivatives traders aren’t convinced.

ETH futures are trading at just a 3% annualized premium, well below the neutral 5% threshold. That’s a signal of caution — not confidence. This muted positioning has persisted for over a month, even as prices dropped sharply.

Macro uncertainty, slowing onchain activity, and broader risk aversion continue to weigh on sentiment. Until traders show a willingness to pay up for leverage, bearish control remains intact.

Relief rallies happen fast.
Conviction takes longer.

[tradelikepro]

me checking futures premium: oh…never mind