Ethereum futures premium hits 1+ year low — Is it time to buy the ETH bottom?

Ether (ETH) price fell 9. 3% between March 26 and March 28, testing the $1,860 level for the first time in two weeks. This correction led to over $114 million in liquidations of leveraged ETH futures and caused the premium relative to the regular spot market to drop to its lowest level in over a year.  Some traders have said that the rock-bottom ETH futures premium is a bottom signal, but let’s dig deeper into the data to see if this perspective makes any sense source: https://cointelegraph.com/news/ethereum-futures-premium-hits-1-year-low-is-it-time-to-buy-the-eth-bottom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound