The demand for ETH increased significantly as accumulation of the cryptocurrency surged. How will ETH see green? Here's how...
has remained stagnant around the $3500-mark for quite some time now. Despite its sideways movement, however, bullish sentiment around ETH has been growing.According to recent data, 200,000 Ethereum options contracts recently expired, and the data surrounding this event hinted at a surge of bullish sentiment in the Ethereum market. The Put-Call Ratio, a key indicator of market bias, sat at a low 0.36 at press time.
If Ethereum surpasses $3,600 at expiry, most call options will be profitable, again reflecting a bullish bias. If bearish sentiment persists, the price of ETH could go down to the $3,000-level. The CMF for ETH fell significantly during this period as well.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum: THIS can majorly impact ETH’s $5K price predictionAlmost six months since it last hit the highest exchange inflow, Ethereum [ETH] is back in the same situation, sparking speculations that the
Read more »
Decoding Ethereum L2 Starknet’s price rise: Did ETH help STRK rise?Two of the largest Starknet [STRK] holders might have put the price at risk of a decline but data showed that STRK seems to be holding on
Read more »
Ethereum: Why major investors are holding on despite ETH’s price riseDespite the significant price surge, whales continue to accumulate and hold large amounts of ETH. How will ETH do going forward?
Read more »
Ethereum clears THIS key hurdle: What’s next for ETH’s price?Ethereum [ETH] successfully broke above a bullish falling wedge pattern a few days ago, hinting at a 45% bull rally
Read more »
Ethereum price prediction: Is $4000 next after ETH’s +17% hike?Ethereum [ETH] has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund (ETF) 's...
Read more »
Ethereum beats Mastercard: Explaining ETH’s 20% price surgeEthereum [ETH] has experienced a remarkable surge, ascending by nearly 20% in just the past day.
Read more »