According to ChainCatcher, on-chain analytics platform Glassnode has released data showing that ETH short-term option prices have surged significantly over the past 48 hours. The 1-week implied volatility (IV) rose from 65.2% to 79.0%, and the 1-month IV increased from 66.4% to 72.1%.
Analysts believe that this steepening volatility term structure reflects a growing demand for short-term protection or exposure to upside risk in response to ETH price surges.
