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ETH derivatives show pro traders are worried about Ethereum’s $2.5K support -Breaking

by Mike Robinson

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© Reuters

Ether (ETHETH is suffering from 25% year-to date losses as investors. However, the cryptocurrency bounced back multiple times to $2,500 in the past few months. This is a strong support level.

Price of Ether/USD at FTX. TradingView

On March 15, developer Tim Beiko announced that the Kiln testnet — Formerly Ethereum 2.0 — successfully passed the Ethereum “Merge.” The process involves taking Ethereum’s Execution Layer from the existing proof-of-work layer and merging it with the Consensus Layer from the Beacon Chain. This process will make the blockchain a proof-of stake network.

Ether 3-month futures’ annualized premium. Source: Laevitas
Delta skew 25% for Ether 30 Day Options Source: Laevitas

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