Ethereum Option Trader Big Bet, $3,000 Target on Radar

Quick Summary:

According to the data, Ethereum options traders have bought over 20,000 contracts targeting the $3,000 level, set to expire on December 27, 2024.

Since then, it has experienced a price decline of over 30%, dropping from $3,500 to $2,400.

Additionally, it has been in a range-bound between the $2,840 and $2,200 levels since August 2024.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Ethereum Price Analysis Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 19:33:53 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22507404

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