ETH options
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics. Ether/USD price index, 12-hour. Source: TradingView Bulls’ frustrations can partially be explained by Binance facing a near-record $1.1 billion in withdrawals over a 24-hour period. The unusual behavior comes as the exchange attempts to put out multiple disputes about its proof of reserves and overall solvency on crypto Twitter. According to Binance CEO Changpeng Zhao, the social media posts amount to nothing more than FUD. However, Binance’s USD Coin (USDC) reserves were emptied after alleged troubles with commercial bankin...
This bullish Ethereum options trade targets $3.1K ETH price with zero liquidation risk
Ether price (ETH) spent the last two months stuck in a rut and even the most bullish trader will admit that the possibility of trading above $4,400 in the next couple of months is dim. Of course, cryptocurrency traders are notoriously optimistic and it is not unusual for them to expect another $4,870 all-time high, but this seems like an unrealistic outcome. Despite the current bearish trend, there are still reasons to be moderately bullish for the next couple of months and using a “long condor with call options” strategy might yield a positive outcome. Options strategies allows the investor to set upside limits Options markets provide more flexibility to develop custom strategies and there are two instruments available. The call option gives the buyer upside price protection, and th...
