According to Odaily, a recent market report released by Kaiko Research has noted a surge in the purchase of both bullish and bearish options by ETH traders. This trend suggests that ETH may experience some volatility before the end of May. Analysts have indicated that the price trend of ETH could become increasingly unstable ahead of this week's deadline for the submission of decisions by spot Ethereum exchange-traded funds.
Peter Chung, a research analyst at Presto, believes that the implied volatility of Bitcoin and Ethereum is currently on par. This suggests that the market has not yet absorbed the anticipated changes in Ethereum's volatility. The report does not provide further details on the potential impact of this volatility on the broader cryptocurrency market.