Ethereum options data shows traders' mixed opinions on ETH's future

Ethereum options data shows traders' mixed opinions on ETH's future


After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher.

A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%.

DeFi growth supports higher Ether prices

Trending: Amazon Series “Utopia” Includes Plot to Release Virus & Depopulate the World with Vaccine

Another positive factor is that DeFi protocols maintain a $48 billion total value locked (TVL) even though the sector took a substantial hit after the recent Ether price crash.

Ethereum network net value locked on smart contracts. Source: DeBank

The 57% increase over the past three months should please even the most optimistic investors, but crypto traders notoriously exaggerate whatever situation took place over the most recent weeks. Therefore, as Ether dropped from the $4,380 all-time high on May 12, traders quickly

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend