$ETH
๐ Ethereum's Volatility Sparks Investor Interest ๐ฅ
Ethereum's (ETH) price movements are making headlines, with its 30-day volatility reaching record levels compared to Bitcoin (BTC) ๐. According to TradingView data, ETH's volatility is 34% higher than BTC's, indicating potential for larger price fluctuations ๐ฎ.
Recent Price Action๐
- Ethereum surged 8% to $2,755 in 24 hours ๐
- Bitcoin increased by only 1% during the same period ๐
Investment Influx๐ธ
- $812 million invested in Ethereum ETFs in the last two weeks ๐
- Bitcoin ETFs saw less than $400 million in investments during the same period ๐
Positive Sentiment๐
- QCP notes several factors supporting ETH's rise, including:
- Progress on the GENIUS Act regulation ๐
- Positive developments in stablecoin regulations ๐
- Ethereum's role in tokenization of real-world assets and payments ๐ผ
Options Market ๐
- ETH call options trading at a premium 2-3% higher than put options ๐
- Bitcoin options premium remains limited at 0.5-1.5% ๐
- Block Scholes reports a call option trend of 6.24% and funding rates at 0.009% ๐
The market's optimism towards Ethereum is clear, with investors expecting a potential price increase ๐ฎ.#Ethereum #BTC #CryptoNews๐๐ฐ๐ซ $ARB $SEI
