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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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Ether (ETHETH investors have been having a difficult time since March 17th, 2022. ETH has suffered 25% loss year-to-date. The cryptocurrency is still trading at a support level of $2,500, having bounced around multiple times in the last few months.

Price in Ether/USD on FTX. TradingView

On March 15, developer Tim Beiko announced that the Kiln testnet — The original 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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