Ether's futures and options data indicate a neutral-to-bearish sentiment despite a recent price recovery, with key indicators suggesting traders lack confidence in sustained bullish momentum. While Ether's price increased by 9% from a low of $3,355, it has struggled to breach the important $3,800 threshold due to weak institutional demand and significant outflows from Ether spot ETFs, which recorded $129 million in losses over a few days. The 3-month futures annualized premium remains at 5%, reflecting the cautious outlook of investors. Additionally, Ethereum's Total Value Locked (TVL) has declined 9% in the past month, undermining investor sentiment. In comparisons with other chains, BNB and Solana have seen increases in their respective TVLs. Moreover, Ether's lack of price premiums on major exchanges indicates reduced interest from institutional traders. Without new catalysts or institutional inflows, Ether is likely to continue mirroring trends in the broader altcoin market, facing challenges stemming from ongoing economic uncertainties.

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