There have been sharp declines in altcoins since the weekend, led by Bitcoin. Although BTC has recovered somewhat, investors' expectations for a decline in Ethereum (ETH) continue.
Because according to Amberdata data, traders believe that Ethereum will drop in value within three months.
Amberdata data shows 90-day sales of Ethereum are more expensive than purchases on Deribit for the first time since January, Coindesk reported.
At this point, analysts stated that, according to Amberdata and Deribit data, the three-month ETH trading curvature turned negative for the first time since January earlier today, indicating that there is a downward expectation for ETH.
''Ethereum options show investors' expectations that the price of ETH will decrease in the next 3 months.''
Analysts also stated that, according to their data, sentiment in the Bitcoin options market has become relatively upward.
*This is not investment advice.