Ethereum options traders are currently bearish, pouring $110 million into contracts betting on a price drop. The cryptocurrency has seen a decline of 47% since Eric Trump’s endorsement, with leading investors, including those linked to Trump, selling off underperforming assets. Despite this bleak view, some optimistic voices within the industry remain for Ethereum’s recovery.
Ethereum options traders exhibit significant bearish sentiment this month, with considerable investments focused on its declining price. Approximately $110 million is invested in options that payoff if Ethereum’s price does not exceed $1,800 in April, with many speculating it may plunge to $1,300. This sentiment has been catalysed by external factors, notably U.S. political decisions affecting the cryptocurrency market, leading to increased short sells, as described by Mintology’s CEO Zach Burks.
