One would infer that there is optimism in Ethereum from data obtained from Deribit which has more call options than its put options. According to Luuk Strijers, Deribit’s Commercial Director, there is a noticeable tilt towards calls put-call ratio that suggests an Ethereum bull market before end of 2024.} The majority of the outstanding calls stand out with the $2,500 striking price, considering Ethereum’s bullish momentum over this period. The biggest Deribit expiry for ethereum options comes out on Dec 29th – almost half (about$3.5 bn) of the total 7 bn USD open interest will settle then, marking fresh capital into the market. The fact that this is a sign of an increasing investor interest means higher chances of a positive price discovery in the cryptocurrency market.