According to @glassnode, ETH options skew has shifted sharply bullish over the past 48 hours, with the 1-week skew dropping from -2.4% to -7.0% and the 1-month skew moving from -5.6% to -6.1%. This deepening negative skew indicates a significant rise in demand for short-dated call options, suggesting that traders are increasingly positioning for further upside in Ethereum (ETH). This shift in market sentiment may signal near-term bullish momentum for ETH, making it a key indicator for crypto traders monitoring potential price breakouts. Source: glassnode (June 11, 2025)

According to QCPgroup, Ethereum ($ETH) is showing strong trading signals as neutral funding rates and a put-heavy options skew coincide with a decisive price movement above $2,400, aligning with the Pectra network upgrade. Notably, there is an uptick in longer-dated option flows, which QCPgroup identifies as an early indicator of $ETH becoming a significant allocation target for traders and institutions. These options market dynamics suggest increasing confidence in medium- to long-term price appreciation, making Ethereum a key cryptocurrency to watch for allocation strategies in the current market cycle (Source: QCPgroup, Twitter, May 13, 2025).