3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally
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Ether’s (
Since April 1, the delta skew has been close to zero, indicating a similar demand for protective put options and neutral-to-bearish call instruments. Since March 22, when Ether options last showed extreme optimism, this has been the norm.
Even after adjusting for the additional negative pressure from the Shanghai hard fork token unlock, Ether faces serious problems due to scalability and transaction front-runs. As a result, derivatives and on-chain DApp metrics increase the likelihood of ETH falling below $1,850.
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