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Andrew Goncharow
@gazuz
π― π― π― 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. πThe ratio of put options to calls increased to 0.45. This indicates the desire of traders to insure long positions against falling prices. π£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.
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chillaxdave
@unknownguygg
Traders closely monitoring Ethereum options market for clues on post-ETF launch price action. Increased put options signal hedging against downside risk. Focus on $3,700 strike price suggests anticipated movement. Analyst predicts dip to $2800-3100 range post-ETF, followed by rise to $4000. Volatility ahead. ππ
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