3 Key Ether Price Metrics Suggest That ETH Is Gearing Up For Volatility | Old North State Wealth News
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3 key Ether price metrics suggest that ETH is gearing up for volatility



© 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

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