) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors' sentiment.
On the bright side, Ethereum developers have created a testing environment for the upcoming Shanghai network upgrade. According to Ethereum developer Marius Van Der Wijden, the testnet appears to have been created to The delta skew has stabilized near 0% in the past week, signaling that Ether options traders are presenting a neutral sentiment. That is a stark contrast from the end of 2022 when the 25% skew index hovered near 18% — indicating a lack of comfort in taking downside risks.
'It's almost like people don't trust $1,680 is a fair price for ETH...'
noshitcoins Options traders are comfortable with downside risk 📉 The 25% delta skew is a telling sign when market makers and arbitrage desks are overcharging for upside or downside protection.
noshitcoins ETH futures finally enter the neutral area 📊 Retail traders usually avoid quarterly futures due to their price difference from spot markets. Meanwhile, professional traders prefer these instruments...
noshitcoins ETH is winning in the long term It just doesnt make sense to invest in alt L1s anymore now that Ethereum L2s have ZK tech and others like Mantle Network have modular tech Ethereum hasn't been this scalable ever
noshitcoins You can never be confident on prices in Crypto. Sounds like an Exit strategy.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »