Online reports that online analysis platform Glassnode released data showing that ETH short-term option prices have risen sharply in the past 48 hours, with one-week IV rising from 65.2% to 79.0%, and one-month IV rising from 66.4% to 72.1%. Analysts believe that this steeply rising volatility term structure reflects the rising demand for short-term protection or upside risk exposure in short-term bursts of ETH prices.