Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Dociko on November 04, 2021, 03:18:21 PM
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$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
(https://cointelegraph.com/news/friday-s-540m-ethereum-options-expiry-favors-traders-with-targets-at-5k)