Derivatives data shows traders expect ETH prices to rise ahead of April’s Pectra upgrade

Odaily News Derivatives data shows that investor optimism is heating up again, and traders are preparing for a rebound in ETH prices before the Pectra upgrade in April, while Solana is facing downward price pressure. Nick Forster, founder of Derive.xyz, said that ETH's seven-day implied volatility (IV) is 66% (equivalent to the six-month IV) and Bitcoin's IV is significantly lower. He expects the probability of Ethereum prices breaking $3,000 by the end of this quarter to be 30%, up from 28% last week. (THeBlock)