Home > NEWS > Ethereum derivatives data suggests $1,700 might not remain a resistance level for long

Ethereum derivatives data suggests $1,700 might not remain a resistance level for long

ETH derivatives data shows bullish traders becoming more comfortable with the $1,700 price level, creating an opportunity for further rallies.

The price of Ether (ETH) rose 18% between Feb. 13 and Feb. 16, but has been trading in a range around $1700 since then. Although prices have improved significantly recently, etheric derivatives remain neutral to rising as investors ponder the potential dangers of tighter regulatory environment and rising etheric ratings in Shanghai.

The bigger anxiety for investors at this stage is regulation, especially after the US Financial Stability Board recently showed that most stable bonds could not meet national standards. The Financial Stability Board was established by the G-20 and belongs to the Bank for International Settlements. Klaas Knot, the current chairman of FSB, said moderate control of encrypted assets should be "based on the same theme activities, the same risks, the same regulatory standards".

A more efficient message is that the phenomenon in China has improved significantly after it was reported that the country had adopted a relatively peaceful attitude towards the ideal of landing in the password center in Hong Kong, China. According to Bloomberg News on February 20, Chinese representatives have been regularly attending login password parties in Hong Kong to try to understand the local login password business.

A recent report by Binance describes the etheric bets and explores why the rise in ratings in Shanghai may not lead some traders to predict the pressure of ETH sales. Their reason is to bet on derivatives based on liquidity, which allow users to benefit from betting on Ether while preserving the ability to sell derivatives with dynamic passwords.

Let's take a look at the information on etheric derivatives to see if the rejection of the price of $1700 has seriously affected the sentiment of login password investors.

ETH futures trading shows an increase in the need for financial leverage.

In the education market, the two-month futures annualized interest rate equity premium needs to be traded between 4% and 8% to cover costs and associated risks. However, if the transaction price of the contract is less than the basic spot market, it shows that the trader lacks self-confidence and is a bearish indicator.

The chart shows that derivatives traders are no longer neutral to bearish after the ether futures premium exceeds the 4 per cent entry threshold. More crucially, it is malleable, although ETH cannot maintain its support line of $1700 on Feb. 21.

The reduced need for empty orders (empty orders) of financial leverage does not necessarily translate into expectations of proactive price behavior. Traders should analyze Ether's options market to understand how dolphins and market makers price the probability of future price adjustments.

The risk Index of Stock Index Futures solves the bearish mentality

When markets and hedging arbitrage institutions charge too much for rising or falling maintenance, a 25% increase error is a significant sign.

In a bear market, investors in stock index futures feel more likely that prices will fall, causing the tilt index to rise above 10%. On the other hand, rising industries tend to lower their skewness to less than-10%, which means there is less demand for bearish put options.

The delta index fell to a bearish level of 10% on Feb. 14, suggesting it was due to pressure from technically professional traders. However, the situation improved significantly within a week, as the index was close to 0-indicating similar upside and downside stock investment risks.

At this stage, options and futures sales markets suggest that technical professional traders are turning neutral to upbeat, suggesting that ETH is more likely to raise the $1700 pressure level. As a result, it is more likely to rise in the ether, and investors remain rational despite the management of work pressure and negative emotions related to the upcoming Shanghai renewal.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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