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

2024년 5월 22일에 게재된 다른 기사

Shiba Inu Whales Scoop up 5.58 Trillion SHIB in Single Day

Crypto Price Analysis: Top Meme Coins Outpace Market Gains Amid ETH ETF Optimism

Ripple Unveils Ticker For Upcoming Stablecoin In Trademark Filing

Rise to the top of the market for Fetch.ai (FET), new record unlikely

Polygon (MATIC) and Tron (TRX) Holders Pivot To Rollblock (RBLK) Betting On Its Massive Potential...

Coinbase Derivatives Announces Launch of Oil and Gold Futures Trading

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!