Ethereum (ETH) transactions in options markets may signal a potential rise for 2024.
Just a few days before the end of the year Ethereum options expiry date Data indicate a possible rise. The world’s largest crypto options exchange From Deribit According to the data received Ethereum open interest There are an increasing number of call calls in their transactions compared to put options.
In the news provided by The Block, Deribit Commercial Director Luuk StrijerAccording to , this situation has led many investors to believe that the price of Ethereum It will gain value in early 2024 It may be a sign that you are predicting:
If you look at the year-end Ethereum expiration, the put-call ratio is 0.44. This means a ratio of 10 calls to 4.4 puts. In January 2024, this rate is 0.19. This means 2 puts for every 10 calls and shows a much more bullish distribution.
A possible rise in Ethereum especially altcoins Stating that it would be positive for the entire cryptocurrency market, the experienced name argued that this situation could fuel a stronger bull wave.
In a recent post, Deribit stated that the stock market Bitcoin And Ethereum of options reported that it had reached an all-time high.
Analyst Points to Ethereum and Says the Market Will Explode Up in 2024! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.