Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse
Ethereum's modest rally to $1,200 risks a full-on reversal as crypto markets remain bearish. 
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse

### Response: Ethereum's modest rally to $1,200 risks a full-on reversal as crypto markets remain bearish. 