Attention ETH traders! Caution may be the word of the day for these reasons

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During the broader crypto market's bullish surge, Ethereum finds itself surrounded by bearish traders as puts start to rise.

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Amidst crypto’s bullish rally, Ethereum faces a bearish turn. Options data signals caution, while waning whale interest and network slowdowns add’s ETH’s market cap in BTC’s terms

Implied Volatility, which serves as a metric for anticipated price fluctuations, also showed a decline. This could imply that the market anticipates ETH’s price to remain relatively stable in the near term, hinting at a lack of substantial buying interest.Moreover, Ethereum’s 25 Delta Skew, a metric used to assess sentiment in the options market, also experienced a downturn. This shift indicated a lean toward a more bearish sentiment among options traders.

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