Friday’s $540M Ethereum options expiry favors traders with targets at $5K

[Dociko]

$540 million in ETH options expire on Friday, and data shows bulls have a good chance at securing the $5,000 level. Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021, and it seems like not a day passes where the altcoin doesn’t hit a new all-time high.

Even with Ether on the path to $5,000, there are still plenty of concerns about the network’s capability to absorb the strong demand coming from the decentralized finance (DeFi) and nonfungible token (NFT) sector.
Source: Cointelegraph