ETH Options Data Shows Ethereum Price Can Hit $500 in September

2020-8-18 16:46

Coinspeaker
ETH Options Data Shows Ethereum Price Can Hit $500 in September

It has been a bullish ride for cryptocurrencies as there is a resurgence in price in the past weeks. For the first time in 2 years, the price of Ethereum (ETH), the second-largest cryptocurrency by market capitalization traded a new high close to $440.

With the impressive bullish trend, ETH Options, and Futures have also seen a massive uptick and as data shows, this boost may soon drive ETH’s price to $500 per coin. Open interest on Ether (ETH) futures surged by 250% over the past three months to reach $1.7 billion. 

Understanding the underlying basis for the growing interest in ETH futures can help know whether investors enter into a futures contract as a hedge against uncertainties or increasing the leverage on the possibility of Ethereum price reaching $500

In this analysis, Cointelegraph noted that the only way to understand this is to use the only reliable information from such a market as the basis, which is the comparison of a futures’ contract price versus the spot price of the asset on the open market. As it stands, ETH 1-month futures contracts are trading at a 20% annualized premium, indicating that buyers are betting that Ether’s spot price will rise. 

ETH Options Driving $500 ETH Price Is Feasible

The September Options Price which is due to expire by the 25th of the month is bullish as confirmed by the currently active stake in both call and put options.

There are currently 93.3K call options from $340 up to $880 for the September window. Options with higher strike have lower mark prices, as their odds are smaller. With enough cash liquidity to brace the growth and the over 50,000 call options at $480 in the September window, the surge in ETH price has a great chance of happening.

As the major blockchain network powering Decentralized Finance initiatives, ETH has also benefitted from the DeFi surge in the past months. Decentralized exchanges are growing in popularity as much as DeFi lending. 

With the expectations of a surge in the coming months, all ETH affiliated derivatives are likely to also get a boost.

ETH Options Data Shows Ethereum Price Can Hit $500 in September

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

HitChain (HIT) на Currencies.ru

$ 4.5E-6 (+10.11%)
Объем 24H $38
Изменеия 24h: 0.04 %, 7d: -8.50 %
Cегодня L: $4.1E-6 - H: $4.5E-6
Капитализация $0 Rank 7656
Цена в час новости $ 8.0E-5 (-94.38%)

hit 500 ethereum price options data shows

Источник: coinspeaker.com

hit 500 → Результатов: 126


Фото:

Decentralized Trading and Coordinated Manipulation Drive Bitcoin’s Volatility — Here’s What’s Going On

On the 2nd of August, the bitcoin community watched in disbelief as Bitcoin hit $12k and then fell by $1,500 within minutes. The flash crash was the inverse of what the crypto community projected would happen, as Bitcoin was deemed to at least reach the $15K or even the $20K mark before experiencing a significant […]

2020-8-3 14:01


Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally

Bitcoin and the entire cryptocurrency market witnessed an intense upswing overnight, with BTC and Ethereum outshining altcoins for the first time in many weeks This sharp upwards movement came about suddenly, and for a brief moment allowed Bitcoin to shatter the resistance it previously faced at $10,000 The selling pressure above this level was heavy, however, and caused the cryptocurrency’s price to decline after it hit highs of $10,200 Despite the rejection here, analysts are […]

2020-7-27 19:00


Why Analyst That Called Bitcoin’s $3,200 Bottom Expects a “Face-Melting” Move

After a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in. While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to a top analyst, one...

2020-5-7 14:00


Фото:

‘Bitcoin Has 50-50 Chance of Skyrocketing To $500K in August 2021’ — Pantera Capital CEO claims

Dan Morehead claims Bitcoin could skyrocket to hit upwards of $500K in 2021 due to the price action seen in previous halvings and bullish signals from indicators as we approach the halving date  In comments made to investors at Pantera Capital, the blockchain hedge fund, CEO Dan Morehead has predicted Bitcoin could rally above $500,000 more info… The post ‘Bitcoin Has 50-50 Chance of Skyrocketing To $500K in August 2021’ — Pantera Capital CEO claims appeared first on Coinjournal.

2020-5-6 13:03


Фото:

Bitcoin ATMs Hit 7,500 Across the Globe Amid Covid-19 Pandemic 

The Bitcoin (BTC) ATM industry has seen a 70% boom since 2019, with the total number of Bitcoin ATMs installed in various regions around the globe now standing at a massive 7,500. Despite the current regulatory bottlenecks surrounding the cryptocurrency, the United States still dominates the industry, with 5,422 functional Bitcoin ATMs, reports Decrypt onRead MoreRead More.

2020-4-22 19:00


Crypto Twitter Analysts Predict Bitcoin To Hit $8,200 and Lower

Bitcoin price slid away from $10,000 over the weekend inviting renewed predictions of how low the price could go if the correction continues. Bitcoin Broke Toward $9,500, Resparking Deep Correction Fears Bitcoin has started breaking below support levels, most recently crashing below $9,700, as previous price levels once again turn into areas of resistance.

2020-2-18 20:00


The Same Indicator That Flashed Before Bitcoin’s 30% Drop in Nov 2019 Just Hit Again

The Fear and Greed Index (FGI) for crypto is currently neutral at 53. The last time it was at this level, a 30 percent drop occurred for bitcoin in November 2019 from $9,400 to $6,410. The signaling of the indicator follows a swift six percent drop from $9,100 to $8,500, which happened in less than... The post appeared first on NewsBTC.

2020-1-20 11:44


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whale Watch: Ethereum Fresh Buy Signal Sparks Speculation

The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip.

Ethereum To See Fresh Move Soon? What Futures Data Says

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently.

Ethereum Fees Now Lowest Since January: Is It A Bottom Signal?

On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently.

These Are The Ethereum Altcoins Witnessing High Whale Interest

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently.

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours.

Recovery Dim? Ethereum Faces Potential Slide Towards $2,000

Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn.