ETH Retail Demand Overpowers Declining Implied Volatility

Ether (ETH) broke past the month-long consolidation phase to register a new ATH of $2,152 a couple of days ago. The new ATH comes in the wake of declining Bitcoin dominance which is currently at 55.53% and ETH/BTC pair bottoming at 0.03. However, the new ATH came amid declining implied volatility this year which might indicate that the retail demand is overpowering the lower interest of institutions.