ETH Traders Expect Market Volatility Ahead of May Deadline

A recent market report released by Kaiko Research noted that ETH traders have seen a surge in purchases of both call and put options. This trend suggests that ETH could experience some volatility before the end of May. Analysts say ETH's price action could become increasingly volatile ahead of this week's deadline for spot ethereum exchange-traded funds to submit their decisions.

Peter Chung, a research analyst at Presto, believes that the implied volatility of bitcoin and ethereum is currently flat. This suggests that the market has not yet absorbed the expected change in Ether volatility. The report does not provide more details on the potential impact of this volatility on the wider cryptocurrency market.