Ether price holds $1,820, but pro traders are skeptical about further gains

The Ether price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as Ether (

Currently, the options delta 25% skew is neutral between protective puts and neutral-to-bullish call options. However, between April 24-26, the indicator briefly sustained levels above 7%, as traders feared a sharp price correction was the most likely scenario.

This change indicates a slight increase in confidence, but over the past four weeks, moderate fear has been the prevailing sentiment, according to the 25% options skew.

In essence, Ether options and futures markets suggest that pro traders are less confident than a week prior but not excessively pessimistic. Consequently, if the ETH price breaks above $2,000, it would be a surprise for most, but at the same time, the indicators show no signs of stress.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.