Ethereum price moves toward $3K, but pro traders choose not to add leverage By Cointelegraph

Mar 1, 2022


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Regardless that Ether (ETH) value bounced over 20% from the $2,300 low on Feb. 22, derivatives knowledge reveals that buyers are nonetheless cautious. So far, Ether’s value is down 24% for the yr, and key overhead resistances lay forward.

‘s most urgent problem has been excessive community transaction charges and buyers are more and more apprehensive that this can stay a difficulty even after the community integrates its long-awaited upgrades.

Ether/USD value at FTX. Supply: TradingView
Deribit Ether 30-day choices 25% delta skew. Supply: laevitas.ch
Exchanges’ high merchants Ether long-to-short ratio. Supply: Coinglass