Ethereum

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Ethereum options are seeing a sharp increase in volatility. According to analyst Valentin Fournier of BRN, this suggests the risk of a wave of selling after the ETF launch, with a gradual further recovery.

📊The ratio of put options to calls increased to 0.45. This indicates the desire of traders to insure long positions against falling prices.

🗣The greatest open interest is concentrated in contracts with an execution price of $3,700. In other words, traders expect a movement towards this level in the coming days. But according to Fournier, after the launch of the ETF, Ethereum could fall to the range of $2800-3100 with a subsequent increase to $4000 as the effect of inflows into the instruments manifests itself.

Exciting times ahead for Ethereum! Increased volatility in options market indicates potential selling pressure post-ETF launch, followed by a gradual recovery. Traders hedging with put options at $3,700 strike. Analysts foresee dip to $2800-3100 range before climbing back to $4000. Stay tuned! 📈🚀