Coin World News, Wu Shuo learned that laevitas posted on X that ETH implied volatility has been continuously declining across the entire term structure. In particular, the 1-period tenor has fallen back to the level seen since mid-January, while other tenors such as 1 month to 365 days are at the lowest levels since late January. Previously, driven by the reopening closure of the Strait of Hormuz and the escalation of tensions in the Middle East, ETH implied volatility rose temporarily; afterward, volatility continued to compress along the curve. The 1-period tenor fell by about 24 volatility points from the April peak, and the 1-month tenor fell by about 11 volatility points.