Positive Bias in ETH Options: Analysts Highlight Bullish Turn Across All Expiries, Ethereum Bullish Turn: Analysts Highlight Positive Bias In ETH Options Across All Expiries

Quick Summary:

Strijers remarked, “We recorded an almost unprecedented trading volume of $12.5 billion notional over the last 24 hours.” This surge in trading volume and market interest reflects how traders and investors position themselves to capitalize on the potential approval of spot Ethereum ETFs.

The data further reveals that the strike price reaches as high as $7,000, with a total intrinsic value of $1.452 billion, indicating that many Ethereum options traders are highly bullish on ETH.

As the market’s anticipation around spot ETH ETFs grows, a prominent crypto analyst has suggested a potential price movement for Ethereum, indicating a brief pullback at around $4,000 before surging to new all-time highs.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Ethereum Options Trader Crypto ETH Ethereum Analysis Options Trader ETHUSDT Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 21:00:05 (1 months ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 78 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21060701

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Main Topics: Crypto

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