Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Expectations of stringent regulation and  further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Ethereum derivatives look bearish, but traders believe the ETH bottom is in

### Response: Expectations of stringent regulation and  further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment.