- Analyst expects further ETH bullish momentum as options volumes remain high
- However, divergent views on non-staking ETH ETF demand persisted.
After reversing all the losses made between March and May, Ethereum [ETH] has been quiet on the charts, swinging around $3,800 for about two weeks now.
Was it the calm before a spot ETH ETF-induced storm on the price charts? Maybe.
Ethereum’s bullish expectations
According to Singapore-based crypto trading firm QCP Capital, ETH’s options market volume was higher than BTC’s, underscoring further bullish expectations for the king of altcoins.
“This bullishness is likely to continue as the market waits for the ETH spot ETF to usher in new demand. The options market certainly reflects this, with ETH vols still trading 15% over BTC vols.”
Additionally, an X user (formerly Twitter), MacroCRG, established that ETH trended higher amidst a weakening US Dollar Index (DXY). Both…
