The ETH Options market is witnessing a surge in short-dated call options, indicating traders’ growing confidence in a short-term rally. The 1-week Implied Volatility recently jumped from 65.2% to 79.0%, highlighting increased demand for bullish positions.
As of June 10, Put/Call Ratios are declining, confirming bullish sentiment as traders favor calls over puts substantially. This trend, combined with a negative skew for puts, suggests traders are preparing for a significant breakout in ETH’s price.
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