Today EtherETHThe price of ) briefly touched $4760. This was a great moment for investors, and reminded the rest of the world that altcoin’s current level is just 2.2% lower than the all-time high of $4,870 reached 20 days back. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets.

It is possible to draw support for $3,960 on a downward channel, but today’s positive 5.4% move appears decoupled from ().BTC) negative performance.