TechFlow news, February 19 — According to The Block, Derive founder Nick Forster analyzed that derivatives data indicates an upcoming price rebound for Ethereum, while Solana faces downward pressure. Data shows Ethereum's 7-day implied volatility has reached 66%, matching its 6-month implied volatility and exceeding that of Bitcoin. Market expectations for Ethereum surpassing $3,000 by quarter-end have risen from 28% last week to 30%.
Ethereum is scheduled to undergo the Pectra (also known as Prague/Electra) upgrade on April 8, which is expected to optimize network performance, transaction speed, and staking mechanisms. Recently, the Ethereum Foundation allocated $120 million to DeFi projects, highlighting its focus on institutional adoption. In contrast, Solana will unlock $2 billion worth of tokens over the next two weeks—approximately 2% of its fully diluted valuation—potentially exerting downward pressure on its price.
