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$250 is Ethereum’s New Resistance Zone Ahead of ETH2.0


$250 is Ethereum’s New Resistance Zone Ahead of ETH2.0

Ethereum’s price has zoomed past the $225- $228 resistance zone.

The next price level of considerable resistance for ETH is at $250. Deribit experienced a record volume of $20 million in ETH options traded. ETH’s price could keep moving up as all bets are on ETH2.0 being launched in July.

Traders and investors are very much pleased with Ethereum’s performance in the last week. The price of ETH has gained steadily from a value of around $200 on the 26th of May, to a local peak of $247 (Binance rate) witnessed earlier today. This translates to approximately 23.5% in price movement in less than a week.

Ethereum (ETH) Options on Deribit Experience Record Volumes

The excitement surrounding the trading of Ethereum can be seen via a record volume of ETH options traded on the derivatives platform of Deribit. According to the team at Skew.com, $20 Million in Ethereum options was notionally traded yesterday, May 30th. The team went on to share a more elaborate chart in the tweet below that provides a better visual cue of the increment in ETH options traded on Deribit since mid-April. Read More...