Ethereum Traders Hopeful for Growth; Options Market Shows Bullish Approach
Despite price fluctuations below $2,600, the Ethereum (ETH) options market continues to have a bullish approach, although major investors are acting with some caution. Data from CoinGlass shows that over 70% of open options contracts are of the Call type, and many traders have bet on the price of ETH rising to the $3,000 to $4,000 range. Analysts believe that the expiration dates of options contracts in February and March could play an important role in the price path of Ethereum.