Navigating the future of Ethereum's value is a critical task for both investors and traders. A key tool in this endeavor is the Option Implied Risk Neutral Density, a complex-sounding term that offers straightforward insights. This may sound complex, but let's break it down into simple terms.

Obtaining option prices data, we can see underlying probabilities at which each option was priced by the market at some defined moment. While, having calculated number of scenario price fluctuations, we may define Monte Carlo simulation of future movements. That's what the Risk Neutral Density does, and here, it is derived from the prices of options on Ethereum. Moreover, looking at quantiles of distributions we get the definition of % Value at Risk, which defines marginal value at worst % scenarios.

Further observations:

🏦 Steady Amidst the Surge

The Risk Neutral Density, derived from Ethereum options prices, has shown remarkable stability, even as Ethereum prices soared. In particular, in recent days.

👁️‍🗨️ Expectation vs. Reality

Market projections hint with expectations of Ethereum's price to be slightly lower than its current spot price, suggesting a possible future correction.

🎎 Risk Assessment

The 5% Value at Risk by May places Ethereum at a conservative estimate of $2,400, reflecting a caution in the market.

🛩️ The Further Spectrum

June's price projected trajectory for Ethereum is a wide one, with the optimistic potential to hit $5,000 and the risk-aware possibility of falling to $1,800.

These data visualisations are grounded in financial theory and current prices, and do not indicate the future implicitly. The market is subject to a wide array of influences, and the actual future prices of Ethereum may diverge from today's forecasts.