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Deribit Exchange Sees $2M Bet on ETH Rally to $3.4K Before July
Deribit Exchange Sees $2M Bet on ETH Rally to $3.4K Before July
22
1
Deribit exchange News -
A major options trade on Deribit exchange has revealed strong bullish sentiment for ethereum (ETH), with a trader investing over $2 million predicting a 30% price jump to surpass $3,400 by June 30. The transaction involved purchasing 61,000 call options at strike prices of $3,200 and $3,400, indicating expectations for ETH to break through critical resistance levels from its current $2,460 valuation.
This aggressive positioning aligns with rising institutional Optimism driven by Ethereum's protocol upgrades and pending ETF approvals. BIT Mining chief economist Youwei Yang observes these developments are rebuilding confidence in ETH's growth trajectory among professional investors.
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