ETH derivatives show pro traders are worried about Ethereum’s .5K support

ETH derivatives show pro traders are worried about Ethereum’s $2.5K support

Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level.

Ether/USD price at FTX. Source: TradingView

On March 15, Ethereum developer Tim Beiko announced that the Kiln testnet — formerly Ethereum 2.0successfully passed the Ethereum “Merge.” The process involves taking Ethereum’s Execution Layer…


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