Options Traders Position For Short-term Weakness After Ether Soars to Two-year High

Tuesday, 12 March 2024, 09:25

Options traders have shown bearish sentiment by purchasing put options on Ether following its price surge to $4,000. This suggests a cautious outlook and potential short-term weakness in the cryptocurrency's value.
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Options Traders Position For Short-term Weakness After Ether Soars to Two-year High

Ether Put Demand Indicating Weakness

By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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