PANews March 6 News, according to Cointelegraph, despite Ethereum rebounding 22% from the $1,800 low on February 24, its price trend remains constrained by macro factors. ETH futures annualized premium is well below the neutral threshold of 5%, and the options skew indicator has risen to 7%, indicating that professional traders continue to remain cautious, adding uncertainty to the market.
On-chain data shows that the weekly trading volume of Ethereum network DEXs has decreased from $20.2 billion a month ago to $12.6 billion, and DApp revenue has dropped 47% week-over-week to $14.1 million. Despite weak on-chain indicators, Ethereum still dominates in total value locked (TVL), accounting for nearly 65% of the entire blockchain market TVL, including Layer 2 solutions. The mainnet TVL of Ethereum reached $55.4 billion, far surpassing its main competitor Solana’s $6.8 billion, reflecting institutional investors’ preference for decentralization.
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