The first six months should be very helpful for the price of ETH, especially after the most important upgrade to date of the project in September 2022. But the opposite is true: in the middle of September 1st. On March 15, 2022 and March 15, 2023, the etheric performance against bitcoin (BTC) was 10% out of date.

Since October 2022, the price comparison between the trading center and bitcoin has remained at 0.068, a support point that broke on March 15. No matter what the reason for the downturn, traders now lack confidence in making financial leveraged bets, according to the trading center's futures and options.

But first, you should consider why the price of Ether is expected to rise in the previous six months. On September 15, 2022, collage-a hard bifurcation that switches networks to a consensus algorithm for confirming interests-emerged. It promotes the sales rate of coins to be much lower, even negative. But more importantly, this shift to parallel computing flattens the road, aiming to generate scalability and lower transaction costs for the Ethernet Internet.

The Shapella hard fork, which is scheduled to come into effect online in April, is the next step in an Ethernet network upgrade. This shift will allow inspectors who previously stored 32 ETH to enter the betting system or withdraw altogether. Although this trend is generally proactive because it brings more coordination power to the validator, the implicit opening of 1.76 million ETH is a negative adverse effect.

However, there is a limit to the number of verifiers who can exit; therefore, the maximum daily withdrawal is 70, 000 ETH. In addition, after withdrawing the whole process of certification, you can also choose the profit system in LIDO, Rocket Pool or decentralized equity financing (DEFI) applications. This kind of coin may not be sold in the market.

Let's take a look at the information on ether derivatives to determine whether the proportion of ETH/BTC that has recently fallen below 0.068 has seriously affected the mentality of investors.

ETH futures trading recovers from anxiety

In the market environment of education, the annualized interest rate premium for three-month futures needs to be traded between 5% and 10% to make up for economic costs and risks. However, if the transaction price of the contract is higher than that of the traditional spot market (that is, the spot trading premium), it indicates a lack of confidence among traders and is called a bearish index.

On march 11th, derivatives traders were uncomfortable with long leveraged positions, as the ether futures premium fell below zero from 3.5% a few days ago. More importantly, the 2.5% premium at this stage is still not too high, and the neutral gap of 5% is still a long way from rising.

Even so, the reduced need for double-headed (double-headed) financial leverage does not necessarily mean that negative price behaviour is expected. Therefore, traders should scientifically study Ether's options market to determine how dolphins and market makers price the probability of future price adjustments.

ETH stock index futures confirm lack of stock investment risk

The 25% increase error is a significant sign that market makers and hedging arbitrage institutions maintain prices too high for rising or falling prices. In a bear market, investors in stock index futures feel that prices are more likely to fall, causing the tilt index to rise above 8%. On the other hand, rising industries tend to lower their skewness to less than-8%, which means there is less demand for put options to put.

On March 3, the Delta index broke the entry threshold for bearish 8 per cent, indicating that technical professional traders face challenges. Fear levels peaked on March 10, when the price of Ether plummeted to $1370, its lowest level in 56 days, although ETH prices rebounded above $1480 on March 12.

Surprisingly, the 25% Delta tilt index rose again on March 12, the highest level of suspicion since November 2022. This comes hours before Ether shares rose 20 per cent within 48 hours, which explains why ETH traders who are bearish on stock index futures contracts have suffered a settlement of $507 million.

At this stage, the error index value of 3% increase shows that the requirements for ETH put options and put options are balanced. Combining a neutral view of ETH futures trading premiums, derivatives markets suggest that technical professional traders are hesitant to make upside or bearish bets. Tragically, the ETH derivatives index is not good for traders, who expect the ether to occupy the BTC to 0.068 mark in a short period of time.