Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
Pro traders aren't buying ETH's recent rally and data shows they expect the price to Ether returns if Fed Chairman Powell strikes a hawkish tone on Wednesday.
![Ethereum rallies at $1,350, but derived metrics remain neutral to bearish](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/875a5179-803b-430a-9a73-57ef7105093f.jpg)
![Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvODc1YTUxNzktODAzYi00MzBhLTlhNzMtNTdlZjcxMDUwOTNmLmpwZw==.jpg?#)
Pro traders aren't buying ETH's recent rally and data shows they expect the price to Ether returns if Fed Chairman Powell strikes a hawkish tone on Wednesday.
![Ethereum rallies at $1,350, but derived metrics remain neutral to bearish](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/875a5179-803b-430a-9a73-57ef7105093f.jpg)
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