Stock Groups

Look out below! Ethereum derivatives data hints at further downside from ETH -Breaking

by Mike Robinson

[ad_1]

Keep an eye out for these! The Ethereum derivatives data suggests that there may be more downside for ETH

Ether (ETH() has fallen 38% over the past three weeks, and $2,000 currently stands at 59% below its November 2021 all-time high of $48,870. The bankruptcy worries that started after Coinbase (NASDAQ):, the biggest U.S. stock exchange, added volatility to market volatility. Reports a loss of $430 Million in the first quarter 2022.

Coinbase disclosed the following information in the latest 10-Q filing

Delta skew 25% for Ether 30 Day Options Source: Laevitas.ch
Top traders in exchanges Ether short-to-long ratio. Source: Coinglass