ETH Price Reaches $3.4K, But Pro Traders Show Hesitation: Report
The price of ETH has reached $3.4K, but professional traders are reportedly not yet bullish. According to reports, the recent rally cooled down due to several factors. These include US macroeconomic conditions, a reduction in DApps activity, and the impact of falling fees on traders' use of Ether derivatives. The development suggests a cautious approach among experienced traders despite the price increase.
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