Spot ETF outlflows, falling DEX volumes and a declining ETH futures premium may be preventing Ether from rallying, but flipping them could catalyze a rally to $2,400.
Key takeaways:
Ether struggles to hold $2,400 due to low DEX volumes and declining demand for decentralized applications.
Institutional investor-led outflows and weak futures premiums suggest that ETH lacks the bullish demand for a sustainable rally.
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Author: Marcel Pechman
