Altcoins News
By Steven Anderson
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Ethereum (ETH) Technicals: EMA ribbon has been getting very tight for Ethereum on the 1-hour chart, as the price stays within tight band.
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The ETH future price forecast: Ethereum 6h forecast From Jun 24, 9AM (CET) to Jun 24, 3PM (CET) there is a price prediction from analysts for the price of ETH / ETH-USD to…
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Those who are buying the dips believe that buying ETH at the current price will be profitable.
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This is the time of crypto maximalism: Sandeep Polygon (prev Matic Network): “BTC Maximalism is of only one type, just shit post and irritate everyone.
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ETH Maximalism is of two types: Type 1 - BTC like, as mentioned above, followed by 20-30% of ETH maximalists, and they are the loudest Type 2 - Like us at OxPolygon we don’t talk…
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Many of them are like you just need to hold ETH.
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Reportedly, On June 25, $1.5 billion USD worth of ETH options will expire, or roughly 45% of the total open interest in ETH options.
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Reportedly, the open interest in ETH options hits its all-time high of nearly $5.5 billion on May 20 soon after ETH had hit its all-time high of $4,362 on May 12.
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Selling options whether it is a put or call is better suited for institutions that have lot of capital and a high-risk tolerance. One Ether option contract represents 1 ETH.
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A put option gives owner the right to sell an underlying asset at a set price on a particular date.
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Those who set their put options to sell during the Bull Run expecting it to continually rally are now facing trouble suffering sharp losses.
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Coin Desk points to how, “A trader just learned the hard way that it’s pretty easy to lose $3 million in the volatile world of the crypto options market. “
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Community response: To be honest Ethereum cannot be as decentralized as Bitcoin and ETH can never be a store of value because of no fixed supply.
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Bitcoin maximalist irritate the most. If you believe and trust something from within than you need to just do your job instead making unnecessary noise all the time.
The Currency Analytics
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