Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into the $340 million options expiry on Oct. 1. Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that in mind, the $340 million options expiry on Oct. 1 will likely be dominated by neutral-to-bearish put options. Ether....
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