The sentiment around Ethereum (ETH) is taking a bearish turn. 🚨
📉 $ETH downside protection now costs more than $BTC — a clear sign that traders are pricing in more risk for Ethereum. According to Deribit and Amberdata, ETH put options are trading at a 2–7% premium over calls. For BTC, that premium is just 1–2.5%.
💡 This shift follows ETH’s massive 48% July rally, where it outperformed Bitcoin. But the recent dip suggests that momentum might have been driven more by hype than real usage.
📊 ETH now trades around $3,600 — down 6% in the last 24 hours. BTC is also down, but only 3% at $114,380.
🔥 Big takeaway? ETH risk is rising, and traders are getting cautious. Is the ETH hype cooling off?
