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A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350

Published 01/11/2023, 01:29 PM
Updated 01/11/2023, 03:00 PM
© Reuters

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend.

After testing the $1,200 support on Jan. 1, the eight-week ascending channel has displayed strength, but Ether bulls fear that negative newsflow might break the pattern to the downside.

Ether/USD price index, 12-hour. Source: TradingView
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Ether 2-month futures annualized premium. Source: Laevitas.ch
Ether 60-day options 25% delta skew: Source: Laevitas.ch

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