Analysis: Derivatives data shows traders expect ETH prices to rise before the April Pectra upgrade

ChainCatcher news, according to The Block, derivative data shows that investor optimism is heating up again, with traders preparing for a rebound in ETH prices ahead of the April Pectra upgrade, while Solana faces downward price pressure.

Nick Forster, founder of Derive.xyz, stated that the seven-day implied volatility (IV) for ETH is 66% (comparable to the six-month IV), while Bitcoin's IV is significantly lower. He expects a 30% chance that Ethereum's price will break $3,000 by the end of this quarter, up from 28% last week.