Uncertainty surrounding the future price of ether is keeping the asset’s options implied volatility at a much higher level than that of bitcoin, analysts said.

In contrast, bitcoin’s implied volatility has seen a more dramatic reduction, indicating that derivatives traders perceive the bitcoin market to be trending towards stability.

Implied volatility (IV) is a measure used in the options market that represents the market’s forecast of an asset or security’s likely movement or price fluctuations in the future.

According to The Block’s data dashboard, ether’s IV has not declined to the same extent as bitcoin’s in the current post-halving market adjustment period. The bitcoin volatility index fell from 72% at the time of the halving event to a multi-month low of 55%. In contrast, the …