January 29, 2023

Ethereum futures and options data reflect investors’ growing confidence in ETH price By Cointelegraph

© Reuters

The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.

Ether/USD price index, 2-day. Source: TradingView

From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors’ sentiment.

Ether 3-month futures annualized premium. Source: Laevitas.ch
Ether 60-day options 25% delta skew: Source: Laevitas.ch