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InvestmentsEthereum bulls likely to profit $130 million on ETH options despite two-week...

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump By Cointelegraph



Ether (ETH) buyers don’t have any cause to complain after the 344% beneficial properties collected in 2021 till Nov. 24. Still, analysts concern that the $4,000 resistance check on Nov. 19 is forming a descending channel that goals at $3,600 by mid-December, an 18% correction from the present $4,400 value.

Despite outperforming (BTC) by 16% previously month alone and the pair climbing to 10-week highs, Ether appears to be scuffling with its personal success.

Ether/USD value on Bitstamp. Source: TradingView
Ether options mixture open curiosity for Nov. 26. Source: Coinglass