{"id":574307,"date":"2024-02-10T01:00:43","date_gmt":"2024-02-10T01:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=574307"},"modified":"2024-02-09T18:12:29","modified_gmt":"2024-02-09T18:12:29","slug":"betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism\/","title":{"rendered":"Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism"},"content":{"rendered":"<p>Ethereum (ETH) is showing a noteworthy pattern in the options market. According to <a href=\"https:\/\/metrics.deribit.com\/options\/ETH\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from Deribit, a leading platform for crypto futures and options trading, there&#8217;s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-to-20000-spot-ethereum-etfs-bull-run\/\" target=\"_blank\" rel=\"noopener \">Ethereum to $20,000: Analyst Sees Spot Ethereum ETFs Fueling Bull Run<\/a><\/div>\n<h2>Options Traders Anticipate $4,000 Ethereum<\/h2>\n<p>This accumulation of ETH call options centered on the $4,000 mark indicates a concentrated expectation among traders that the price of Ethereum could rise to, or above, $4,000 by these dates.<\/p>\n<p>For context, options are financial derivatives that give the buyer the right, but not the obligation, to buy (in the case of call options) or sell (put options) the underlying asset at a <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-trims-gains-2300\/\" target=\"_blank\" rel=\"noopener \">predetermined price<\/a> on or before a specified date.<\/p>\n<p>Notably, according to a chart from the crypto futures and options trading platform, the $4,000 ETH strike price emerged as the dominant position in the ETH options trading landscape, surpassing other strike prices for the June and September expiry dates.<\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.tbstat.com\/wp\/uploads\/2024\/02\/deribit-metrics-8-1.png?resize=1200%2C600&#038;ssl=1\" alt=\"Ethereum (ETH) Options Open Interest By Strike Price.\" width=\"1200\" height=\"600\"><figcaption class=\"wp-caption-text\">Ethereum (ETH) Options Open Interest By Strike Price. | Source: <a href=\"https:\/\/metrics.deribit.com\/options\/ETH\" target=\"_blank\" rel=\"noopener nofollow\">Deribit<\/a><\/figcaption><\/figure>\n<p>It is worth noting that such a pattern indicates <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-topside-vulnerable-2350\/\" target=\"_blank\" rel=\"noopener \">market sentiment<\/a> and can influence trading strategies. In this instance, the pattern implies that most options traders are likely bullish on Ethereum, anticipating a notable increase in its value.<\/p>\n<p>Furthermore, this trend might lead fundamental traders to reconsider their positions on Ethereum, potentially shifting their outlook to expect an <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-to-20000-spot-ethereum-etfs-bull-run\/\" target=\"_blank\" rel=\"noopener \">upward trajectory<\/a> in the asset&#8217;s performance.<\/p>\n<h2>Factors Influencing $4,000 ETH Options Strike Price<\/h2>\n<p>This clustering of Ethereum call options at the $4,000 strike price appears to be influenced by several factors, including the potential approval of a spot Ethereum exchange-traded fund (ETF) by the US. Securities and Exchange Commission (SEC).<\/p>\n<p>With the final decision deadline for these spot ETF applications set for May 23, traders seem to be positioning their Ethereum options contracts in anticipation of a favorable outcome, as observed by Bitfinex\u2019s Head of Derivatives, Jag Kooner.<\/p>\n<p>However, Deribit\u2019s Chief Commercial Officer, Luuk Strijers, cautions against drawing definitive &#8220;conclusions&#8221; about the link between the derivatives market and the Ethereum spot ETF approval expectations.<\/p>\n<p>Strijers notes that while the &#8220;June skew&#8221; is higher, indicating more &#8220;expensive calls,&#8221; it&#8217;s challenging to pinpoint this precisely to the spot ETF news or expected correlation with the upcoming Bitcoin halving.<\/p>\n<p>Meanwhile, Altcoin Daily crypto analysts recently <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-rally-crypto-analysts-outline-3-key-drivers-for-price\/\" target=\"_blank\" rel=\"noopener \">outlined three key factors<\/a> that could propel Ethereum\u2019s price to $4,000. Among these factors, the anticipation and potential approval of Ethereum Spot Exchange-Traded Funds (ETFs) were highlighted as a major catalyst.<\/p>\n<p>While Ethereum futures have already gained global acceptance, analysts emphasize that the green light for these spot ETFs could significantly trigger Ethereum\u2019s long-term price appreciation.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-rally-crypto-analysts-outline-3-key-drivers-for-price\/\" target=\"_blank\" rel=\"noopener \">Ethereum Rally: Crypto Analysts Outline 3 Key Drivers For Price<\/a><\/div>\n<p>Regardless of this contrasting <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-faces-market-tremors-as-celsius-offloads-1-billion-in-eth\/\" target=\"_blank\" rel=\"noopener \">ETH<\/a> view, ETH currently trades at $2,495, showing a 7.7% increase in the past week and a 1.9% rise in the past 24 hours.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/AUZDLF1u\/\" alt=\"Ethereum (ETH) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">ETH price is moving sideways on the 4-hour chart. Source: ETH\/USDT on<a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3AETHUSDT\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there&#8217;s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries. Related Reading: Ethereum to $20,000: Analyst Sees Spot Ethereum ETFs Fueling Bull Run Options Traders Anticipate $4,000 Ethereum This accumulation of ETH call options centered on the $4,000 mark indicates a concentrated expectation among traders that the price of Ethereum could rise to, or above, $4,000 by these dates. For context, options are financial derivatives that give the buyer the right, but not the obligation, to buy (in the case of call options) or sell (put options) the underlying asset at a predetermined price on or before a specified date. Notably, according to a chart from the crypto futures and options trading platform, the $4,000 ETH strike price emerged as the dominant position in the ETH options trading landscape, surpassing other strike prices for the June and September expiry dates. It is worth noting that such a pattern indicates market sentiment and can influence trading strategies. In this instance, the pattern implies that most options traders are likely bullish on Ethereum, anticipating a notable increase in its value. Furthermore, this trend might lead fundamental traders to reconsider their positions on Ethereum, potentially shifting their outlook to expect an upward trajectory in the asset&#8217;s performance. Factors Influencing $4,000 ETH Options Strike Price This clustering of Ethereum call options at the $4,000 strike price appears to be influenced by several factors, including the potential approval of a spot Ethereum exchange-traded fund (ETF) by the US. Securities and Exchange Commission (SEC). With the final decision deadline for these spot ETF applications set for May 23, traders seem to be positioning their Ethereum options contracts in anticipation of a favorable outcome, as observed by Bitfinex\u2019s Head of Derivatives, Jag Kooner. However, Deribit\u2019s Chief Commercial Officer, Luuk Strijers, cautions against drawing definitive &#8220;conclusions&#8221; about the link between the derivatives market and the Ethereum spot ETF approval expectations. Strijers notes that while the &#8220;June skew&#8221; is higher, indicating more &#8220;expensive calls,&#8221; it&#8217;s challenging to pinpoint this precisely to the spot ETF news or expected correlation with the upcoming Bitcoin halving. Meanwhile, Altcoin Daily crypto analysts recently outlined three key factors that could propel Ethereum\u2019s price to $4,000. Among these factors, the anticipation and potential approval of Ethereum Spot Exchange-Traded Funds (ETFs) were highlighted as a major catalyst. While Ethereum futures have already gained global acceptance, analysts emphasize that the green light for these spot ETFs could significantly trigger Ethereum\u2019s long-term price appreciation. Related Reading: Ethereum Rally: Crypto Analysts Outline 3 Key Drivers For Price Regardless of this contrasting ETH view, ETH currently trades at $2,495, showing a 7.7% increase in the past week and a 1.9% rise in the past 24 hours. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":565452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[6664,91626,8323,1946,16372,78803,91627],"class_list":["post-574307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-crypto","tag-crypto-options-traders","tag-eth","tag-ethereum","tag-ethereum-options","tag-ethusdt","tag-put-call-options"],"acf":[],"yoast_head":"\n<title>Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH), is showing noteworthy pattern in its options market. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism","description":"Ethereum (ETH), is showing noteworthy pattern in its options market. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism","url":"http:\/\/uniquehot.com\/news\/ethereum\/betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto options traders","eth","ethereum","ethereum options","ethusdt","put call options"],"dateCreated":"2024-02-10T01:00:43Z","datePublished":"2024-02-10T01:00:43Z","dateModified":"2024-02-10T01:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Betting Big On Ethereum: Options Traders Target $4,000 Mark Amid Market Optimism\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/betting-big-on-ethereum-options-traders-target-4000-mark-amid-market-optimism\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum-Bullish-Outlook.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto options traders\",\"eth\",\"ethereum\",\"ethereum options\",\"ethusdt\",\"put call options\"],\"dateCreated\":\"2024-02-10T01:00:43Z\",\"datePublished\":\"2024-02-10T01:00:43Z\",\"dateModified\":\"2024-02-10T01:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/Ethereum-Bullish-Outlook.jpg?fit=900%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/574307"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=574307"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/574307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/565452"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=574307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=574307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=574307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}