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Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
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Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price.
Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success.
Users continue to complain about Ethereum gas
Read more on cointelegraph.comAbout this in other media
Ethereum bulls retain hopes of $10K despite ETH price chart bear flag cointelegraph.com /3 years ago
ETH Options Open Interest Reaches Record High as ETH/BTC Breaks Out cryptonews.com /3 years ago
This simple Bitcoin options strategy lets traders profit while also hedging their bets cointelegraph.com /3 years ago
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