Ethereum's Ether (ETH) Traders Signal Bearish Expectations
Ethereum's native token, ether (ETH), is expected to decrease in value in the coming months, according to options market indicators.
April 17, 2024
Market Shift
Ethereum's ether (ETH) faces a bearish outlook from traders expecting a price decline over the next three months, as indicated by the negative turn in the call-put skew data.
Options Trading Trends
Data from Amberdata and Deribit shows a leaning towards put options for ETH, signaling protective moves against potential price drops, a sentiment not shared by the more bullish bitcoin market.
Ether vs. Bitcoin
Though ETH options present a bearish scenario, Bitcoin maintains a bullish stance in the options market, contrasting with ether's recent underperformance signaled by a death cross pattern in the ETH/BTC ratio.
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