• Home
  • News
  • Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump | COSS Exchange

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.Ether/USD price on Bitstamp. Source: TradingViewEther options aggregate open interest for Nov. 26. Source: Coinglass

 

Candao is Launching The First Decentralized Social Media DAO

Crypto Exchange BitMart Hacked, Suffered Nearly $200M in Losses