Analysis: Ethereum's rebound faces macroeconomic headwinds; derivatives and on-chain indicators suggest cautious market sentiment.

CoinFeed reported on March 6th, citing Cointelegraph, that although Ethereum has rebounded 22% from its February 24th low of $1800, its price movement remains constrained by macroeconomic factors. ETH futures annualized premiums are well below the 5% neutral threshold, and the options skewness index has risen to 7%, indicating continued caution among professional traders and adding uncertainty to the market. On-chain data shows that Ethereum network DEX weekly trading volume fell to $12.6 billion from $20.2 billion a month ago, and DApp revenue declined 47% week-over-week to $14.1 million. Despite the weak on-chain metrics, Ethereum still dominates in terms of total value locked (TVL), accounting for nearly 65% ​​of the entire blockchain market's TVL, including Layer 2.