Pro traders curb their enthusiasm until Ethereum confirms $3,400 as support By Cointelegraph

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Ether (ETH) price jumped 11% between March 26 and March 29 to reach $3,480, which is the highest level in 82 days. Currently, the price is down 9% year-to-date but does data support the belief that the altcoin has resumed its uptrend toward a new all-time high?

Institutional investors seem excited that the CoinShares Digital Asset Fund Flows Weekly Report revealed on Tuesday that the exchange-listed crypto products inflows reached the highest level in three months. Data showed that investment products for digital assets saw net deposits of $193 million last week.

Ether 3-month futures’ annualized premium. Source: Laevitas
Ether 30-day options 25% delta skew: Source: Laevitas