Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June

Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June


Ethereum (ETH) options for June show a marked interest in higher strike prices, focusing on levels exceeding $3,600.

Data from Deribit reveals a concentrated bet among traders on calls surpassing this price, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500.

Options Market Bullish On Ethereum 

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Notably, options are contracts that give traders the right, but not the obligation, to buy (in the case of calls) or sell (in the case of puts) the underlying asset at a specified strike price by the expiry date.

A call option is typically purchased by traders who believe the asset will increase in price, allowing them to buy at a lower rate and potentially sell at

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