3 Key Ether Price Metrics Suggest That ETH Is Gearing Up For Volatility | Old North State Wealth News
Connect with us

US News

3 key Ether price metrics suggest that ETH is gearing up for volatility

Published

on

© Reuters

Ether’s price has been dealing with some strong headwinds, and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether (ETH) managed to stage an impressive recovery by surging 6%. This resurgence may signal a pivotal moment, following a month that had seen ETH endure losses of 16%.

Even with the somewhat swift recovery, Ether’s price performance raises questions among investors about whether it has the potential to climb back to $1,850, and ETH derivatives and network activity might hold the key to this puzzle.

Ether/USD price index, 1-day. Source: TradingView
network DApps rank by active addresses. Source: DappRadar
Ether 2-month futures annualized premium. Source: Laevitas
Ether 30-day options 25% delta skew. Source: Laevitas

Continue Reading on Coin Telegraph

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.