Ether (ETH) continues to climb, reaching $4,349, the highest price since December 2021. Despite this success, traders are cautious about future prospects.
Sustained Ether Growth
Over the past month, Ether has increased by 41% while the total crypto market capitalization has risen only by 9%. This significant outperformance naturally raises interest in hedging as traders lock in profits and move on to other opportunities.
ETH Options Market Sentiment
The current delta skew for ETH options indicates a neutral sentiment among traders. At present, it stands at -3%, suggesting that traders do not anticipate a significant drop below $4,000.
Recession Risks
Uncertainty in the macroeconomic environment remains a principal risk for further upside. Some investors express concerns that US import tariffs could negatively impact global economic growth. However, recent rapprochement between the US and Russia may help to slightly improve the situation.
Thus, despite Ether's impressive price growth, risks from the macroeconomic environment and trader caution remain crucial factors influencing the cryptocurrency's future movements.
