ETH Options – Page 4

Bullish sentiment begins to fade after Ethereum all-time high at $4,200

Ethereum price soared to $4,200 but derivatives data reflects a decline in the bullish sentiment of Ether futures and options traders.

Ether’s spectacular rise to $3,300 has rendered all of the bearish put options worthless ahead of this Friday’s $470 million expiry.

Bulls have a $115 million lead on Friday’s $930 million Ethereum options expiry, a signal that ETH could be en route to new all-time highs.

Open interest in Ether options trading has increased from $50 million to $4 billion over the last year.

Futures traders are increasingly bullish on Ether price in the short-term with $2,500 now in play.

Ethereum price recently made a strong move above $2,000 and derivatives data suggests bulls are preparing to push ETH price higher.