ETHUSD is ranging or coiling
We should be expecting a larger move coming up. Right now ETH is just stable and ranging. The longer it does this, the bigger the move we can expect. Volatility Premium has not moved much but keeps fluctuating between barely premium and discount. when the market state changed to slippy, we broke out of the range a bit but eventually buyers stepped in and brought price back into this range were in on the next day. Anytime we get a big move down near the LERR line, volume increases and we get a big move in volatility premium thats when we add to our ETH bags. Incrementally of course
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