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3 key Ether price metrics suggest that ETH is gearing up for volatility

– Ether’s price experienced a critical test when it dropped to the $1,530 support level, but it has since staged a recovery of 6%.
– Macroeconomic factors, such as inflation and government debt, are mitigating investor pessimism.
– Regulatory uncertainty and high network fees are limiting investors’ appetite for Ethereum.
– The Ethereum network has seen a decline in smart contract activity and high average fees.
– Some decentralized applications on Ethereum have experienced a decrease in active addresses, except for the Lido liquid staking project.
– There are concerns about centralization and the dominance of services like Lido.
– Ether futures have shown reduced interest from leveraged long positions.
– The options market can confirm market sentiment, with the 25% delta skew indicating traders’ leanings.
– The Ether 25% delta skew briefly shifted to a bullish stance but returned to a similar premium for both call and put options.
– Ether has potential catalysts, but dwindling DApp usage and regulatory uncertainties could exert downward pressure on its price.

This article is for general information purposes and is not intended to be legal or investment advice. The views expressed in this article are the author’s own and do not necessarily reflect the views of coinpostman.

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