Ether Traders Buy $4K Calls In Anticipation of Record High
Summary
Ether's price dropped over 5% to $3,350 in a week. Despite this, some traders are buying large numbers of ether September expiry call options at the strike level of $4,000 on Deribit, indicating a bullish outlook. The buying activity suggests a bet that if ETH surpasses $4,000, it could test and break new all-time highs. The upcoming launch of ether ETFs in the U.S. on July 2 may be driving this optimism.
