Ethereum Options Show Less Bearish Sentiment Compared to Bitcoin
- Ethereum‘s 90-day options skew is -2.8%, less bearish than Bitcoin‘s -4%.
- Recent Fusaka upgrade and major treasury purchases support Ethereum’s relative strength.
- Ethereum trades above $3,100, down about 2% in the past day, with a year-to-date performance of -3% compared to Bitcoin’s -6%.
- Ethereum’s longer-dated options skew at -1.7% is more bullish than Bitcoin’s -4%, indicating traders prefer buying insurance for Bitcoin.
- Potential December Fed rate cut and Ethereum’s Fusaka upgrade are positive market factors.
The data shows a cautious optimism among Ethereum traders compared to their Bitcoin counterparts, as reflected in the options market skews and recent price performances. Despite the improved sentiment, experts note that the market lacks sustained ETF inflows needed for a significant rally.
The divergence in skew suggests traders see less immediate downside risk for Ethereum than for Bitcoin, aligning with recent spot price performance where Ethereum has outperformed Bitcoin slightly this year (Source)
