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Ethereum

$150 Million Worth Of Notional Ethereum Calls Actively Participated By Whale

September 18, 2023 - Around 2 mins mins to read

Key Points:

  • Ethereum’s price faces challenges but shows signs of recovery, with whales buying $150 million in ETH calls.
  • ETH struggles to surpass $1,650, aligning with Bitcoin’s market difficulties.
  • Underlying factors like decreased supply and increased staked ETH hint at future price potential.
Ethereum, the second-largest cryptocurrency, has been wrestling with significant price challenges, but recent developments in whale activity hint at a potential rebound.
$150 Million Worth Of Notional Ethereum Calls Actively Participated by Whale

On September 11th, Ethereum’s value was put to the test when it dipped to the $1,530 support level. However, promising signs of whale accumulation suggest a brighter future for this altcoin.

Data from Greeks.live reveals that within the last hour, over 40,000 ETH Block calls were executed, with the majority opting for 29DEC23-2200-C. Furthermore, almost 50,000 ETH calls for 27OCT23-2000-C were purchased the previous night. This surge in call options trading amounted to a staggering 92,600 ETH. A notable whale invested $150 million in notional ETH calls, all of which were naked buys, signaling bullish long-term expectations.

Ethereum’s price managed to breach the $1,620 resistance level. However, it struggles to gather momentum beyond the $1,650 mark, mirroring Bitcoin’s challenge.

A recent alert from Whale Alert raised eyebrows in the crypto world, hinting at Ethereum whales potentially devising an exit strategy. This alert disclosed a substantial transfer of 22,343 ETH.

While ETH’s price may appear stagnant since last September, trading around $1,600, underlying factors like ETH derivatives and network activity could hold the key to the elusive $1,800 milestone. Significant developments under the surface, such as a decrease in Ethereum‘s overall supply and a notable increase in staked ETH, suggest the potential for positive price movement.

In a market known for its volatility, Ethereum’s fate remains uncertain, but the actions of influential whales and developments within the network continue to be closely monitored by investors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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ETH

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Ethereum

$150 Million Worth Of Notional Ethereum Calls Actively Participated By Whale

Key Points:

  • Ethereum’s price faces challenges but shows signs of recovery, with whales buying $150 million in ETH calls.
  • ETH struggles to surpass $1,650, aligning with Bitcoin’s market difficulties.
  • Underlying factors like decreased supply and increased staked ETH hint at future price potential.
Ethereum, the second-largest cryptocurrency, has been wrestling with significant price challenges, but recent developments in whale activity hint at a potential rebound.
$150 Million Worth Of Notional Ethereum Calls Actively Participated by Whale

On September 11th, Ethereum’s value was put to the test when it dipped to the $1,530 support level. However, promising signs of whale accumulation suggest a brighter future for this altcoin.

Data from Greeks.live reveals that within the last hour, over 40,000 ETH Block calls were executed, with the majority opting for 29DEC23-2200-C. Furthermore, almost 50,000 ETH calls for 27OCT23-2000-C were purchased the previous night. This surge in call options trading amounted to a staggering 92,600 ETH. A notable whale invested $150 million in notional ETH calls, all of which were naked buys, signaling bullish long-term expectations.

Ethereum’s price managed to breach the $1,620 resistance level. However, it struggles to gather momentum beyond the $1,650 mark, mirroring Bitcoin’s challenge.

A recent alert from Whale Alert raised eyebrows in the crypto world, hinting at Ethereum whales potentially devising an exit strategy. This alert disclosed a substantial transfer of 22,343 ETH.

While ETH’s price may appear stagnant since last September, trading around $1,600, underlying factors like ETH derivatives and network activity could hold the key to the elusive $1,800 milestone. Significant developments under the surface, such as a decrease in Ethereum‘s overall supply and a notable increase in staked ETH, suggest the potential for positive price movement.

In a market known for its volatility, Ethereum’s fate remains uncertain, but the actions of influential whales and developments within the network continue to be closely monitored by investors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.