Ethereum

Lyra

The increase in the possibility of Spot Ethereum ETF approval has stimulated the entire cryptocurrency market, especially Ethereum. 
While the ETH price was heading towards $4,000, there were also significant increases in Bitcoin (BTC) and ETH-based altcoins. 
While optimism towards ETH and ETH-based altcoins continues, option investors have also raised their expectations. 
Speaking to Coindesk, Nick Forster, founder of decentralized options market Lyra and a former Wall Street options trader, said that options traders are focusing on $5,000 call options for the end of June. 
Announcing Lyra data, Nick Forster stated that, according to option data, there is a 20% probability that the ETH price will rise to $ 5,000 by the end of next month. 
<blockquote> 
 “This week, Lyra-based traders moved Ethereum call options expiring in June and July into strikes above $5,000, resulting in a bullish outlook. 
 Lyra options data indicates a 20% chance for ETH to reach $5,000 by June 28. 
 Traders increased their positions after the Ethereum ETF approval speculation and therefore there is a 20% chance that ETH will rise above $5,500 by July 26. 
 “I also think the ETH ETF approval will have a much larger impact on ETH compared to Bitcoin.” 
</blockquote> 
If the options traders' predictions are correct, ETH needs to rise by about a third (about 35%) from the current level of $ 3,740 to reach the new record of $ 5,000. 
Ethereum continues to trade at $3,730 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/option-data-in-ethereum-eth-points-to-this-level-for-the-end-of-june/">Option Data in Ethereum (ETH) Points to This Level for the End of June!</a>

Option Data in Ethereum (ETH) Points to This Level for the End of June!

Bitcoin Sistemi EN

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