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Ethereum season? ETH options traders are placing big bets for June

From cointelegraph.com

The price of Ether (ETH) is continuing to rally, reaching $2,000 on Friday on the back of strong technical momentum following a high-profile announcement from Visa. As Cointelegraph previously reported on Sunday, Visa will allow its partners to use USD Coin (USDC) on the Ethereum blockchain network to settle transactions. Since then, the interest in Ethereum across both futures and options markets is seeing an uptick, with the former approaching $7 billion, the highest in over a month. The options market for Ethereum is particularly optimistic According to Cantering Clark, a cryptocurrency trader and analyst, the ... (full story)

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  • Category: Fundamental Analysis