Bitcoin and EthereumWhile $8.2 billion worth of month-end options expire today, analysts say option investors He said they expect $5,000 in ETH for the end of June.
At this point, analysts stated that purchases for Ethereum options gathered at $ 5,000 for the end of June, and said that this indicates a bullish outlook.
Speaking to The Block, SynFutures co-founder Rachel Lin said:
“When we examined Ethereum options data, we noticed that the highest open interest for ETH is currently on the $5,000 call option for the end of June.”
Adding that Ethereum open interest is “65% for purchases and 35% for sales”, Rachel Lin said: “These rates coincide with data from Deribit, which shows a put call ratio of 0.56 for the end-June maturity. A call option ratio below one indicates that there are more calls than puts, indicating an upward trend in the market.” said.
The analyst finally “If the current trend in Ethereum continues, we can say that another bullish rally is coming in the near future.” said.
Last week, with the ETF news, it reached the $ 4,000 mark. Ethereum At the time of writing, it continues to be traded at $ 3,786.
*This is not investment advice.
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