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Ethereum price moves toward $3K, but pro traders choose not to add leverage -Breaking

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© Reuters

Ether is a sandstone mineral.ETHThe price of Ether () bounced more than 20% off the February 22 low at $2,300. However, derivatives data indicates that investors remain cautious. Ether is currently down 24% over the past year. Key overhead resistances lie ahead.

High network transaction fees have been the most important issue. Investors are becoming increasingly concerned that they will continue to be an issue long after network integration has taken place.

Price of Ether/USD at FTX. TradingView
Deribit Ether (30-day Options 25% Delta skew. Source: laevitas.ch
The top trader in Ether on Exchanges is the one with the longest-to-short ratio. Source: Coinglass