💥💥Things are heating up in Ethereum (ETH): Who will win the war?
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Ethereum (ETH) is trading at a critical level, facing a $2.8 billion options threat.
ETH is trying to stay above the $2,600 resistance level after recording a 15.1% increase between September 18 and September 23. Weakening economic indicators have led to an increase in the stock market, increasing demand for short-term government bonds. With these developments, investors have focused on the $2.78 billion monthly Ether options that will expire on September 27. This data, which is of critical importance for the altcoin market, can affect short-term price movements. Options affecting the price of Ethereum play an important role. The altcoin, which has recently lagged behind Bitcoin, has not been able to show the expected performance. However, options and other factors can change this.
Four possible scenarios are presented based on Ether price trends. These estimates assume that put options represent bearish positions, while call options are consistent with bullish-neutral strategies. However, it is worth noting that this approach is simplistic and ignores more complex investment strategies.
$2,400 to $2,500: The result will favor put options by $225 million.$2,500 to $2,600: The result will favor put options by $100 million.$2,600-$2,700: The balance changes; call options gain an advantage of about $70 million.$2,700-$2,800: This scenario favors call options, giving them a net advantage of $220 million.
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