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

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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 - NewsBTC

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.