• ETH options turn bearish as traders prepare for extended Ether price downside Ether faces a bearish trend as onchain fees and network deposits hit multiyear lows. • Until derivatives metrics stabilize, ETH price remains at risk. • Cointelegraph in your social feed Key takeaways: ETH futures liquidations reached $224 million after a 9% price drop, while the network’s onchain activity fell to a 12-month low. • ETH futures liquidations reached $224 million after a 9% price drop, while the network’s onchain activity fell to a 12-month low. • ETH’s high correlation with Bitcoin and massive outflows from exchange-traded funds suggest further downside risk for Ether price. • ETH’s high correlation with Bitcoin and massive outflows from exchange-traded funds suggest further downside risk for Ether price.

Article Summaries:

  • ETH options have turned sharply bearish as traders brace for further downside after the cryptocurrency fell to $1,800, wiping out $224 million in leveraged bullish positions. Put‑to‑call volume premiums spiked to 2.2×, indicating a scramble for downside protection, while the options delta skew showed puts trading at a clear premium. On‑chain activity hit a 12‑month low, with total value locked falling to $51 billion and network fees dropping to $13.7 million. Ether ETFs have seen $405 million in net outflows, and the asset’s 20‑day correlation with Bitcoin remains above 95 %, underscoring the risk of a further slide.

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