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<ul> 
 <li>Market analysts at QCP Capital report a significant development in the Ethereum (ETH) options market.</li> 
 <li>According to QCP Capital, the transition to negative risk reversals indicates an increase in traders’ quest for protection against a potential decline in ETH prices.</li> 
 <li>The Ethereum network is on the brink of a significant evolution with the upcoming software upgrade called Dencun scheduled for March 13th.</li> 
</ul> 
<p><strong>Increased interest in Put options in Ethereum options suggests clues of an impending price correction.</strong></p> 
<h2 id="strong-sell-weighted-trading-seen-in-ethereum-options-strong"><strong>Sell-Weighted Trading Seen in Ethereum Options</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126575" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Ethereum-ETH" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>The world’s second-largest cryptocurrency, Ethereum (ETH), is holding strongly above $4,000 as it prepares to push towards a new all-time high of $5,000. However, derivative data tells a different story.</p> 
<p>Market analysts at QCP Capital report a significant development in the Ethereum (ETH) options market, noting that risk reversals have turned negative for expiry dates. This reversal may indicate an increase in demand for protection against a potential drop, possibly driven by concerns about the vulnerability of speculative long positions.</p> 
<p>According to QCP Capital, the transition to negative risk reversals indicates an increase in traders’ quest for protection against a potential decline in ETH prices. In particular, altcoin speculators may buy ETH options as a hedge against downside risks in alternative cryptocurrencies.</p> 
<p>The emergence of negative risk reversals suggests caution among market participants; QCP Capital, particularly given significant leverage in the market, is concerned about a possible market correction. However, despite these concerns, analysts at QCP Capital predict that any price declines will be met with aggressive buying activity.</p> 
<p>In addition to negative risk reversals, QCP Capital notes a slight decrease in ETH spot-futures spreads, contrasting with the high spreads observed in Bitcoin (BTC) markets. This divergence suggests that a sharp drop in ETH spot prices could lead to further tightening in futures spreads as leveraged long positions are liquidated.</p> 
<h2 id="strong-eyes-on-the-dencun-upgrade-strong"><strong>Eyes on the Dencun Upgrade</strong></h2> 
<p>The Ethereum network is on the brink of a significant evolution with the upcoming software upgrade called Dencun scheduled for March 13th. The Dencun upgrade, expected to bring cost reductions on Layer 2 networks, combines elements from the “Deneb” and “Cancun” upgrades, introducing a new approach to data storage within the Ethereum ecosystem.</p> 
<p>Previously, Layer 2 blockchains like Arbitrum, Polygon, and Base (from Coinbase Global Inc.) relied on Ethereum for data storage purposes.</p> 
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The Situation is Critical in Ethereum Options: Will ETH Price See a Correction?

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