Derivatives data shows traders expect ETH prices to pump before the Pectra upgrade in April

Odaily Planet Daily News According to Derivatives data, investors' optimism is heating up again. Traders are preparing for the rebound of ETH price before the Pectra upgrade in April, while Solana is facing downward price pressure. Nick Forster, the founder of Derive.xyz, stated that the seven-day implied Volatility (IV) of ETH is 66% (equivalent to the six-month IV), while the IV of BTC is significantly lower. He expects a 30% possibility of the price of ETH breaking through $3,000 by the end of this quarter, higher than last week's 28%. (THeBlock)