Ethereum

Bitcoin

While the leading cryptocurrency Bitcoin exceeded $ 46,000 with its strong rise, the largest altcoin Ethereum approached $ 2,500.
While analysts generally remain optimistic for the ETH price, given the expectation that spot Ethereum ETF applications will be approved in May, option data also gives a positive signal.
According to data from Deribit, Ethereum call options expiring in June are concentrated around the $4,000 price.
Speaking to The Block, Deribit Commercial Officer Luuk Strijers also shared the charts for Ethereum call options and said that investors are waiting for $ 4,000 in ETH:
<blockquote>
 “As you can see from Deribit data, the $4,000 price is the largest of both the June and September call option expirations.
 The concentration on the $4,000 strike price indicates that market participants and investors have expectations that the Ethereum price will rise above $4,000 by the options expiration dates.
 This concentration may reflect a consensus or speculation about the potential future movement of the Ethereum price in the market.”
</blockquote>
Continuing his assessment of the potential ETF approval and its impact on the ETH price, the Deribit executive said that it is not yet clear whether derivative investors expect a price increase after the potential approval of the spot ETH ETF and that it is too early to draw a conclusion on this issue.
<blockquote>
 “Option data in June is higher than in April, and the expectation is relatively higher, but it is difficult to make a connection for now, especially with the Ethereum ETF approval news or the expected correlation with the BTC halving.
 “Because the impact of these events on the Ethereum price remains unclear.”
</blockquote>
Ethereum continues to trade at $2,475 at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analyst-says-investors-expect-4000-in-ethereum-by-the-end-of-june-explains-why/" rel="noopener noreferrer nofollow">Analyst Says Investors Expect $4,000 in Ethereum by the End of June, Explains Why!</a>

Analyst Says Investors Expect $4,000 in Ethereum by the End of June, Explains Why!

Bitcoin Sistemi EN

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