ETH prices have slowly broken through the friction resistance of $1600, the third attempt to replace the currency since September last year. Many would say that the 33% increase so far this year could be seen as a failed opportunity to raise the total market capitalization by $200 billion.

If the price of the Ether rises by $1600, it will put the second-largest digital currency in the top 60 of tradable assets in the world again, surpassing large multinationals such as NIKE (Nike), Novartis, Cisco and Toyota.

Unfortunately, at least for rising traders, derivatives markets are not suggesting that Ether will eventually increase friction resistance by $1600-at least until the Fed reverses its tightening economic path.

Silver gate financial institutions lost $1 billion in the most recent quarter, which partly explains the sense of loss at both ends. The password-friendly financial institution, which laid off about 40% of its staff on Jan. 5, is facing a class action lawsuit for buying and selling transactions with FTX and Alameda Research. The complaint alleges that Silvergate aided and abetted FTX's fraud and the trading center's breach of fiduciary duty.

On January 17th, negative reports again, Mamoru Yanase, deputy director of strategic planning and management of Japan's Financial Agency, made up a lie that the area of data encryption should be subject to the same strict regulation as traditional banks and securities companies.

It is a proactive objective fact that Ether continues to trade above $1500, but the recent price increase closely follows the 8 per cent rise in the Russell 2000 index. In addition, investors are concerned that the message of lower inflation is an important driver of the recovery of the digital money market, so any decline in the stock market could lead to another wave of sales.

As a result, investors feel that if the Federal Reserve (Federal Reserve) raises interest rates again, the Ether could dominate recent gains. Let's take a look at the information about ether derivatives to see if this unexpected move has had a positive effect on the mentality of investors.

Ethernet's 33% increase does not convey self-confidence.

Investor traders generally try to use first-quarter futures trading because it is different from the spot market price. In addition, technical professional traders prefer these tools because they can prevent the fluctuation of capital interest rates in permanent stock index futures contracts.

In a healthy living 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, when commodity futures prices are lower than the basic spot market, it shows that financial leverage customers lack self-confidence, which is a bullish indicator.

The chart shows that derivatives traders are still in a "fear mode" because the Ethernet futures premium is less than the 4% entry threshold. This data shows that there are no requirements for leveraged buyers, although it does not indicate that traders expect further bad market prices.

For these reasons, traders should dissect Ether's stock index futures market to see if investors are more likely to find surprisingly bad price adjustments.

The stock index futures market is neutral, adding strength to the pressure level of US $1.6k.

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 markets usually lower skewed indicators to less than-10%, which means that bullish put options are discounted.

Since January 14th, Delta's error has improved significantly, from neutral to bullish negative 10% to neutral option pricing. The move suggests that stock index futures traders are increasingly more comfortable with downward pressure, as the 60-day Delta slope is minus 2 per cent.

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According to the stock index futures market, dolphins and market makers are not getting more cheerful, but it is encouraging to have no fear after a 33% increase. Both the options and futures markets stressed that pro-traders were concerned that the pressure level of $1600 would continue to have a negative impact on the market.

Fundamentally, it is likely that the Fed meeting will need to take more effective measures to turn mysterious investors into a rally-either sending out an end signal to raise interest rates or changing its way of thinking about curbing inflation.