Ethereum (ETH) options markets host a clear bearish expectation after months.
According to Amberdata, which provides data on cryptocurrency options markets, investors are expecting a decline in Ethereum. Although there is an opinion throughout the market that the expectation of spot Ethereum ETF will cause an increase in price, option investors do not share this idea yet.
According to the data, the put-calls balance in the Ethereum options markets has started to predominate in the selling direction. Calls options January 24 Wednesday day, -8 points retreating to its lowest level in more than three months. reached. This situation revealed the obvious bearish expectation of option investors.
Founder of Options Insights, who made a statement on the subject Imran Lakha sees technical support in the $2,400 range He emphasized that the breakout increased the decline expectation:
The sudden increase in skew in Ethereum options markets reflects the impact of calls selling flows and the break of the $2,400 technical support that pushed prices towards $2,200. A critical level for Ethereum is $2,150; Breaking this could lead to further decline. Recent market movements point to a cautious short-term outlook for Ethereum, increasing demand for hedging.
The US Securities and Exchange Commission (SEC) recently BlackRock’s spot Ethereum ETF application By postponing it to March 10, it further increased the uncertainty on the market.
.u839962ac15666cb1da4ad63691243370 , .u839962ac15666cb1da4ad63691243370 .postImageUrl , .u839962ac15666cb1da4ad63691243370 .centered-text-area { min-height: 80px; position: relative; } .u839962ac15666cb1da4ad63691243370 , .u839962ac15666cb1da4ad63691243370:hover , .u839962ac15666cb1da4ad63691243370:visited , .u839962ac156 66cb1da4ad63691243370:active { border:0!important; } .u839962ac15666cb1da4ad63691243370 .clearfix:after { content: “”; display: table; clear:both; } .u839962ac15666cb1da4ad63691243370 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); } .u839962ac15666cb1da4ad63691243370:active , .u839962ac15666cb1da4ad63691243370:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #34495E; } .u839962ac15666cb1da4ad63691243370 .centered-text-area { width: 100%; position: relative; } .u839962ac15666cb1da4ad63691243370 .ctaText { border-bottom: 0 solid #fff; color: #eaeaea; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u839962ac15666cb1da4ad63691243370 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u839962ac15666cb1da4ad63691243370 .ctaButton { background-color: #34495E!important; color: #eaeaea; border:none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://koinbulteni.com/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; ball: 0; } .u839962ac15666cb1da4ad63691243370:hover .ctaButton { background-color: #2C3E50!important; } .u839962ac15666cb1da4ad63691243370 .centered-text { display: table; height: 80px; padding-left: 18px; ball: 0; } .u839962ac15666cb1da4ad63691243370 .u839962ac15666cb1da4ad63691243370-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u839962ac15666cb1da4ad63691243370:after { content: “”; display:block; clear:both; }
Related article: SEC Postpones BlackRock’s Ethereum Decision to Another Day: Here’s That Important Date!
Contrary to Expectations, This Data Makes a Bearish Call on Ethereum! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.
source site-10
