๐ Ether's options market is showing bullish vibes ahead of the anticipated U.S. ETF launch, just like Bitcoin did before its ETF debut. But hold your horses, there's no euphoria here, just a measured optimism. ๐
๐ฒ Traders are betting on Ether strength for the next 30 days and six months, paying more for call options (bullish bets). This mirrors the strategy used before Bitcoin ETFs started trading.
๐ฎ Expectations are high that the Ether ETFs will unlock mainstream institutional demand worth billions. But don't forget, Bitcoin's 30-day options skew flipped bearish after its ETF debut, leading to a price drop. So, keep an eye out for a similar flip in Ether. ๐
๐ The Ether market is not as euphoric as Bitcoin was before its ETF launch, which might weaken the case for a sell-the-fact pullback. But the pessimism might actually lead to Ether outperformance, says Ilan Solot from Marex Solutions.
๐ค What's your take? Will Ether follow Bitcoin's path or chart its own course? Drop your predictions below! #DeFi #Web3 #EtherETF
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