Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Malam90 on March 12, 2021, 02:24:52 AM
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Ethereum price has been in an uptrend since the start of the year but key options indicators suggest overcoming the $2,000 level will be a challenge.
To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin's short-term performance.
The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply over-optimistic about Ether's odds?
Even though the effective price for the right to acquire Ether at a fixed price on March 26 is much lower, these options cost buyers at least $2 million. If Ether fails to increase by 25% from the current $1,808 price in two weeks, these $2,240 call options will be completely worthless. Source Link (https://cointelegraph.com/news/this-month-s-ethereum-options-expiry-suggests-eth-s-upside-is-limited)