Ethereum risks ‘bull trap’ after 25% ETH price rebound
Ether price paints a “rising wedge” The first among these indicators is a “rising wedge,” a traditional bearish turnaround setup that forms after the rate trends up inside a range specified by two ascending however assembling trendlines. Interestingly, these Ether options are significant puts around the present cost levels, with a concentration around the $1,000 strike, according to information from Coinglass.Ether choices open interest by strike rate. Source: CoinglassThe June 24 expiration might possibly affect Ethers rate action, mostly because it trades only 10% above the preferred strike price of $1,000.
Find out more
Ether price paints a “increasing wedge” The first among these signs is a “rising wedge,” a classic bearish reversal setup that forms after the price patterns up inside a range defined by 2 ascending but assembling trendlines. Interestingly, these Ether alternatives are major puts around the existing price levels, with a concentration around the $1,000 strike, according to information from Coinglass.Ether choices open interest by strike price. Source: CoinglassThe June 24 expiration might potentially affect Ethers price action, mainly since it trades just 10% above the preferred strike price of $1,000.
Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together