Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening.
Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry.
Using multi-leg options can give traders a less risky way to invest in Ethereum price as it pushes above $2,000.
Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise.
December’s $10,000 Ethereum calls options have started to pick up volume, but are traders really expecting ETH to reach this level?
The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage.
Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation.
Multiple data points show investors are strongly bullish on Ethereum price even after today’s sharp rejection at $1,160.
Ethereum options data show traders anticipate a continued surge to $880 over the next four weeks.
Derivatives data and trading volume show investors are still bullish on Ether price even after today’s drop to $596.