Ether Traders Buy $4K Calls In Anticipation of Record High Et | Coins▪︎Trading▪︎Crypto News
Ether Traders Buy $4K Calls In Anticipation of Record High
Ethereum's native token ether (ETH), the second-largest cryptocurrency by market value, has dropped over 5% to $3,350 in one week, according to CoinDesk data. The decline follows speculation that ether ETFs could begin trading in the U.S. next month and is consistent with weakness in market leader bitcoin and other alternative cryptocurrencies. Still, according to Amberdata data, some traders have been buying large numbers of ether September expiry call options at the strike level of $4,000 on crypto exchange Deribit.
