According to Odaily, data from on-chain analysis platform Glassnode reveals a substantial increase in the prices of short-term ETH options over the past 48 hours. The one-week implied volatility (IV) rose from 65.2% to 79.0%, while the one-month IV increased from 66.4% to 72.1%. Analysts suggest that this steepening volatility term structure indicates a growing demand for short-term protection or exposure to upward price risks in ETH.