The title does not specify the source of the Ethereum Implied Volatility Index (e.g., Deribit's DVOL or T3's BitVol). Different platforms may have significantly different calculations and values, leading to resolution disputes. Additionally, whether 'hit' implies touching at any moment or a closing price, and specifically 'by' a date usually means touching at any point before the deadline, but the lack of a definitive data source creates medium risk.

April 7, 2026 - April 10, 2026: The price of '↑ 90' plummeted from 51.5c to 21.5c, and '↑ 85' fell from 62.5c to 49.5c, as market expectations for Ethereum's short-term implied volatility baseline receded, and the probability of breaking out to extreme highs dropped sharply as expiration approaches. April 1, 2026 - April 3, 2026: The price of '↓ 60' plummeted from 18.5c to 1.1c, likely due to a liquidity void resulting in an anomalous dump or a fat-finger trade; meanwhile, '↓ 70' climbed from 31.5c to 47c, reflecting some market concern about volatility testing the lower bounds. March 28, 2026 - March 30, 2026: The price of '↑ 90' surged from 26.5c to 53.5c, as structural market shifts led traders to expect sharper upward volatility movements in the short term. March 24, 2026 - March 27, 2026: The price of '↑ 110' plummeted from 21c to 5c, as the probability of reaching extremely high volatility drops sharply as expiration approaches; '↓ 60' fell from 38c to 25c, and '↓ 50' fell from 27c to 23c, reflecting diminished expectations for a massive volatility drop. March 21, 2026 - March 24, 2026: The price of '↑ 85' surged from 53c to 85c, driven by market expectations of upcoming catalysts pushing implied volatility higher; '↑ 100' dropped from 49.5c to 47c, and '↑ 90' from 51c to 48c. March 20, 2026 - March 21, 2026: Prices for all options remained stagnant around 50c with no significant movement. This indicated minimal market participation and a failure to adjust prices to the actual volatility index level (approx. 74).