According to glassnode, ETH's short-dated options have seen a sharp repricing over the past 48 hours, with 1-week implied volatility surging from 65.2% to 79.0% and 1-month implied volatility rising from 66.4% to 72.1%. This steepening volatility term structure signals increased trading demand for immediate protection or upside exposure as ETH breaks out to new levels. Such a move is typically associated with higher risk premiums and potential for significant price swings, presenting both hedging and speculative opportunities for ETH traders. Source: glassnode (June 11, 2025).