Ethereum forecast: the options market prices in 51 percent of swing, is $2,756 within reach?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The options exchange Deribit puts Ethereum's expected annual swing at 51.18 points on Friday, Bitcoin's at only 37.38. That single figure yields the range in which ETH should sit over the next 30 days according to the derivatives market.Ethereum costs $2,402.96 on Friday evening, 1.7 percent less than 24 hours earlier (CoinGecko, as of October 16). The more important figure of the day is not on the price board, though, but in the options book: the DVOL volatility index of the options exchange Deribit put the expected annual swing in ETH at 51.18 points at midday. For Bitcoin the same index stood at 37.38. From those two figures, a square-root calculation yields the range the derivatives market credits Ethereum with for the coming weeks: $2,050 to $2,756 over 30 days, $2,233 to $2,573 over one week. Where the price can point on a horizon of months is set out in our Ethereum forecast. This article shows how the range arises, what it says, and what it explicitly does not say. Derib...