Ethereum (ETH) It seems like it has started to get a share of Bitcoin’s pie in the last few days. Last week, Bitcoin was down 1.3%, while Ethereum was up 6%. Ethereum managed to surpass $ 3500 with this rise. Bitcoin is still trying to hold above the $47,000 level.
The Magic of the Second Quarter on Ethereum
Second quarters of the year Ethereum price It’s been pretty positive for me. In 2017 and 2019, investors even managed to make huge second-quarter gains of 442% and 107%. Ethereum managed to maintain its positive outlook even a few days before the second quarter.
While many market participants are waiting for a macro-bullish phase to emerge, not much can be said for certain at this stage.
The implied volatility (IV) in the Ethereum market has decreased over the past few days and is currently overshadowed by the realized volatility (RV). To summarize, IV is the volatility expected by market participants. RV is the actual volatility available in the market at a given time.
IV and RV were always helpful in marking the first stages of rallies. In the past, whenever the balance was lost (this could be in December 2020 or April 2021), a bull run support was immediately followed.
Currently, IV and RV are at 3.7% and 4.2% respectively, with market derivatives highlighting traders’ bearish outlook. Therefore, only when the IV rises again would it make sense to predict the next concrete bull run.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.