Monthly Ethereum options data suggests $2K will remain an elusive target

Monthly Ethereum options data suggests $2K will remain an elusive target

$1.27 billion in ETH options expire on August 26 and data signals that the price is likely to stay pinned under $2,000 until the Merge. Since failing to close above the $2,000 mark, Ether (ETH) price has faced a steep 16.8% correction, but this was not enough to give bears an edge in the August $1.27 billion monthly options expiry.Ether USD price index, 12-hour chart. Source: TradingViewCurrently there are mixed feelings about the network’s upcoming change to a proof of stake (PoS) consensus network and analysts like @DWhitmanBTC, believe the potential benefits of PoS do not supercede the....


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