$ETH Despite market volatility, Singapore Exchange (SGX) has launched regulated perpetual futures for Bitcoin and Ethereum, with Marex joining as a clearing firm. However, Ethereum's recovery is facing challenges due to low interest from new investors, despite continued support from long-term holders.

Market headlines

Ethereum faces recovery challenges: Ethereum is struggling to recover from a recent dip, with new investor interest remaining weak. While long-term holders show confidence, a lack of new capital inflow is creating uncertainty around a sustained rally toward the $3,000 mark.

SGX launches regulated crypto futures: The Singapore Exchange has launched regulated perpetual futures for Bitcoin and Ethereum, aiming to attract institutional investors. Marex has announced its role as a clearing firm for the new offerings.

Price volatility: Ethereum has failed to hold above $2,800 and is now facing key resistance levels that could determine its next move. One news source reported it trading near $2,840, while another noted it briefly fell below $2,800.

Privacy enhancements: The Ethereum foundation is explicitly focusing on privacy, with a new research and development group dedicated to enhancing privacy features for transactions, token minting, and network access.

Long-term vs. short-term outlook: Some experts maintain long-term confidence in Ethereum due to its strong fundamentals and growing institutional interest, while acknowledging short-term uncertainty due to macroeconomic pressures and recent volatility.