- Despite a recent decline in the put-call ratio, Ethereum trade is optimistic.
Analysts at Kaiko state that despite the recent market volatility, Ethereum (ETH) options traders remain bullish. The dynamics of the put-call ratio, which increased in May and indicated a bearish mood as more puts than calls were purchased, support this conclusion.
But in June, this tendency turned around as the ratio fell, signaling a move in favor of optimistic wagers. The volume of trade at higher strike prices for December expiries, when a sizable number of calls exceed the present price levels, lends even more credence to this confidence.
Kaiko analysts emphasized that recent regulatory changes can be linked to the positive shift in trader attitude. The conclusion of the SEC’s examination into ConsenSys’s status as a security with reference to Ethereum last week has probably helped to traders’ optimistic attitude.
Furthermore, the spot Ethereum exchange-traded funds (ETF) are probably going to begin trading in the US on July 2nd, as reported by Crypto Briefing. Later, Eric Balchunas, an analyst with Bloomberg ETFs, reaffirmed this information.
As a result, experts told Crypto Briefing that this might cause Ethereum’s price to soar once the ETF is approved in May. With the launch of ETF trading in the US, there’s a good likelihood that ETH’s price will rise dramatically, even though part of the upward movement may already be factored in.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
