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Despite the optimistic outlook, large investors remain cautious with their option positions, indicating that there are still downside risks for Ether.
“Some major players are hedging with put options, which account for 22 percent of transactions, indicating that they are considering downside risks. "Implied volatility points to higher price levels, suggesting a bullish trend, but stable historical volatility keeps things in balance."
ETH needs to stay above the $2,600 support level to prevent further downside liquidity.
According to the data, a possible correction below $2,600 could trigger the liquidation of over $500 million in leveraged short positions across all exchanges.
However, Bitcoin
and Ether prices may also be affected by external factors such as geopolitical trade tensions.
Global trade war concerns following the new import duties announced by the USA and China negatively affected market participants. Investors continue to await the meeting between US President Donald Trump and Chinese President Xi Jinping to resolve trade tensions.
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