Sindhu
06/11 02:09
ETH price tops $2.8K as options traders open beari
Traders are using bearish ETH options to hedge after Ether’s 49% rally in May.
An altcoin ETF listing season could negatively impact ETH’s market dominance and price action.
Ether
price surged 10% between Monday and Tuesday, reaching its highest level in over 15 weeks. Despite this rally, ETH has consistently struggled to break above the $2,800 mark over the past month. This resistance level has coincided with a growing use of downside protection strategies in ETH derivatives markets.addition to standard call (buy) and put (sell) options, traders often use combinations of instruments to design strategies aimed at either maximizing gains above certain levels or reducing exposure to losses. As a result, tracking demand for these options offers insights into how professional traders are positioning themselves.
#New Listings on HTX#Do you think BOBBSC is promising?#Share Your Thoughts on Popular Assets in June
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