Ethereum price falls to 2-year low, but pro traders still have hope

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Coin Telegraph 11h ago

Ethereum price falls to 2-year low, but pro traders still have hope - Coin Telegraph

Quick Summary:

Ether derivatives display moderate resilience while Ethereum TVL jumps to an all-time highGiven the negative news flow, one might have expected Ether bears to dominate the market entirely.

Ether 30-day options skew (put-call) at Deribit.Source: Laevitas.chCurrently, the ETH options skew stands at 10%, the same level as March 31, which remains within bearish territory.

However, when analyzing Ether derivatives data and Ethereum’s TVL performance, it appears that ETH’s price downside may be limited.