Ethereum’s inability to secure successive closes above $1,750 could be a reflection of traders’ anxiety over the upcoming ETH Shanghai upgrade. noshitcoins explains.
on Feb. 25, which was only resolved after a network upgrade coordinated by validators. The network restart also involved purging some of the latest slots, although Solana developers said that"no confirmed user transactions were rolled back or impacted."
with crypto firms until market conditions improve and a more transparent regulatory framework is established.on Feb. 28 in preparation for the Shanghai upgrade. The much-anticipated mainnet update expected for March should finally allow validators to withdraw their staked Ether from the Beacon Chain. Developers are now prepping the Goerli testnet to enter a similar stage.data to understand if the $1,560 support retest on Feb. 25 has impacted crypto investors' sentiment.
In bear markets, options investors give higher odds for a price dump, causing the skew indicator to rise above 10%. On the other hand, bullish markets tend to drive the skew metric below -10%, meaning the bearish put options are in less demand.Ether 60-day options 25% delta skew: Source: Laevitas.ch
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