The weekend was relatively stable, and ETH held the lower boundary of the central axis.

Can it rise next week? Let's take a look at the data.

From the change in implied volatility (iv), there has been a significant decline in the past week, but long-term iv remains relatively stable. The mindset of long-term traders is still steady. The delta 25 skew indicates an upward movement in the put side iv and weakness in the call side iv, with an overall bearish trend. However, this is still a near-term pattern, with little fluctuation in the long term.

From the gamma exposure perspective, 2600 has become a significant resistance level. Before the end of June, breaking through 2600 will not be easy.

The call options for Yi Yuanshuai also expire at the end of the month, and there will likely be a fierce competition and significant price fluctuations.

Based on the current volatility situation, it is recommended to maintain a short-term calendar strategy of selling near and buying far next week. Adjust the price range appropriately, focusing on positioning around 2600. A range of 2200 to 2800 can be considered.

If buyers want to position for a significant breakout, it would be wise to pay close attention to the key price of 2600.

Wishing everyone prosperity~