Analyst Spots New Critical Ethereum Price Levels With Options Expiry Over

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Related Reading: Ethereum Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables Ethereum Whale Activity Reaches Six-Week High In other news, analytics firm Santiment reports that Ethereum has recorded its highest amount of whale activity over the last six weeks amidst its price decline. Traditionally, this high market activity indicates accumulation by large holders on the Ethereum network, signaling confidence in the asset’s long-term profitability.

Popular crypto analyst Michaël van de Poppe has highlighted vital price levels in the Ethereum (ETH) market following a massive option expiry event.

Amidst this massive option expiry, the price of ETH rose by over 3% to trade at $2,547 despite fears of price decline due to increased market volatility.  Following this price gain, Van de Poppe states that Ethereum now finds itself between two routes, especially as the "macroeconomic weeks” approach.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United KingdomIsrael

Topics: ETHUSDT Ethereum Michael van de Poppe Ethereum Ethusd Options expiry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 17:30:58 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23252776

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