The heavy fall of Ethereum below 3,000 dollars; Is the bull rally officially over?

On the other hand, the demand for bullish leveraged transactions in the Ethereum market has decreased, and the premium of futures coracts remains below the neutral level of 5%, which indicates the extreme caution of investors.

Companies that hold Ethereum reserves are also now facing unrealized losses, which has dampened the ierest of retail investors in the sector.
At the network level, the situation is not promising either: the total value of locked assets (TVL) in Ethereum reached $74 billion, which is 13% less than the previous moh, and the transaction volume of deceralized exchanges is down 27% compared to last moh.

However, analysts say that if global tensions ease and liquidity returns, Ethereum could rise again to the $3,900 range.