3 reasons why Ethereum price keeps rejecting at the $1,300 level
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Ether (
As the 60-day delta skew stands at 12%, whales and market makers are getting closer to a neutral sentiment for Ether. Ultimately, both options and futures markets point to pro traders fearing that the $1,200 support retest is the natural course for ETH.
The answer might as well be hidden under the macroeconomic calendar ahead, which includes the EuroZone’s and Canada’s Gross Domestic Product (GDP) on Dec. 7 and the United States Consumer Price Index (CPI) on Dec. 13.
Currently, the odds favor Ether bears because the newsflow implies that the possibility of stricter regulation is weighing down the market.
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