Ethereum price won’t see $2K anytime soon, market data suggests
The price of Ether (ETH) dealt with strong resistance at $1,920 after a 17.5% rally between June 15 and June 22. The indicator declined by 6.9% between April 28 and June 28 to 13.9 million ETH, according to DefiLlama.ETH rate rally not supported by derivatives marketsSo how are professional traders placed for the next ETH cost move? Despite the modest enhancement to 3%, the metric stays far from the neutral 5% threshold.To leave out externalities that might have solely affected the Ether futures, one ought to analyze the ETH alternatives markets. The 25% delta alter indication compares similar call (buy) and put (sell) alternatives and will turn positive when fear is common due to the fact that the protective put option premium is greater than the call options.Ether 30-day 25% alter.
The rate of Ether (ETH) dealt with strong resistance at $1,920 after a 17.5% rally between June 15 and June 22. Regardless of the modest improvement to 3%, the metric stays far from the neutral 5% threshold.To exclude externalities that might have entirely affected the Ether futures, one should evaluate the ETH options markets. The 25% delta skew indicator compares similar call (buy) and put (sell) alternatives and will turn positive when fear is prevalent since the protective put option premium is higher than the call options.Ether 30-day 25% alter.