Looking at the current price action, it certainly seems like Bitcoin is in the lead with barely a couple hundred dollars below the $60,000 mark as of writing. But basing it off on the price action, Ethereum also is doing as good as Bitcoin, though it is inching up a little slower.<\/p>\n\n\n\n
Buyers Maintain Control as ETH Option Expiry Approaches<\/strong><\/h2>\n\n\n\nBased on the slight bearish sentiment on Ethereum in the news, it was observed that the short sellers had about 88% of their bets at 3,300 USD. The sellers could have certainly taken their dominance in the USD 365 million ETH expiry, but the buyers\u2019 overwhelming interest kept it away from the sellers. As per the long-to-short ratio, the Ether options expiry today is precisely matched between call and put options.<\/p>\n\n\n\n
Furthermore, the 1.03 call-to-put ratio indicates that both parties have around $180 million worth of Ether options before expiry.\u00a0 This measure, however, can be\u00a0misleading because the current price action of Ether token<\/a> can\u00a0most likely knock out their negative bets.<\/p>\n\n\n\nWith only a few hours to expiry, the short-sellers are expected to find it difficult to stop the ongoing price surge. Despite the fierce competition on the Ethereum network and the hefty gas fees, investors’ demand doesn’t seem to fade.<\/p>\n\n\n\n
Majority of ETH Investors in Profit as Price Reaches $3,800, Data Shows<\/strong><\/h2>\n\n\n\nNumerous indications suggest that the bulk of Ethereum buys are still profitable at this time, as the market trades just above $3,800. ETH buyers certainly seem to have a firm hold on the market, as more than 95% of tokens have been acquired at a lower price than the current market price.<\/p>\n\n\n\n
According to data from IntoTheBlock, a little less than 5% percent of Ethereum holders are “out of the money,” implying they purchased ETH at a greater price than it is currently. And evidently, those purchases were during the last run at the beginning of 2021, when the entire cryptocurrency market was in a massive bull run.<\/p>\n\n\n\n
Ethereum Change in Nature Attracts Demand<\/strong><\/h2>\n\n\n\nEthereum has always been a go-to cryptocurrency in the altcoin space. Despite the increasing gas fee, the demand for the coin among institutional buyers and the public never seemed to have dropped. But now, with the change in the natural functioning of the network, the demand has additionally increased due to more tokens being burned than created (during excess network loads).<\/p>\n\n\n\n
Over $1.3 Billion Worth of Ethereum Transactions Carried Out During the Bull Run<\/strong><\/h2>\n\n\n\nAccording to Whale Alert handle on Twitter, anonymous Ethereum investors have moved more than 10 large Ethereum stashes in the previous 24 hours.<\/p>\n\n\n\n
Overall, fifteen big transactions totaling 1.348 billion dollars in Ethereum were moved in the recent bull run as ETH prices were approaching the $3,800 mark. The smallest transaction carried 10,000 ETH, an equivalent of $38 million, while the largest stood at 50,020 ETH worth over $183.<\/p>\n\n\n\n
According to blockchain transactions tracking services, Binance and Blockfolio were the two biggest crypto platforms involved in these numerous transfers.<\/p>\n\n\n\n
Ethereum Prepares for $4,000<\/strong><\/h2>\n\n\n\n
With only a few hours to expiry, the short-sellers are expected to find it difficult to stop the ongoing price surge. Despite the fierce competition on the Ethereum network and the hefty gas fees, investors’ demand doesn’t seem to fade.<\/p>\n\n\n\n
Majority of ETH Investors in Profit as Price Reaches $3,800, Data Shows<\/strong><\/h2>\n\n\n\nNumerous indications suggest that the bulk of Ethereum buys are still profitable at this time, as the market trades just above $3,800. ETH buyers certainly seem to have a firm hold on the market, as more than 95% of tokens have been acquired at a lower price than the current market price.<\/p>\n\n\n\n
According to data from IntoTheBlock, a little less than 5% percent of Ethereum holders are “out of the money,” implying they purchased ETH at a greater price than it is currently. And evidently, those purchases were during the last run at the beginning of 2021, when the entire cryptocurrency market was in a massive bull run.<\/p>\n\n\n\n
Ethereum Change in Nature Attracts Demand<\/strong><\/h2>\n\n\n\nEthereum has always been a go-to cryptocurrency in the altcoin space. Despite the increasing gas fee, the demand for the coin among institutional buyers and the public never seemed to have dropped. But now, with the change in the natural functioning of the network, the demand has additionally increased due to more tokens being burned than created (during excess network loads).<\/p>\n\n\n\n
Over $1.3 Billion Worth of Ethereum Transactions Carried Out During the Bull Run<\/strong><\/h2>\n\n\n\nAccording to Whale Alert handle on Twitter, anonymous Ethereum investors have moved more than 10 large Ethereum stashes in the previous 24 hours.<\/p>\n\n\n\n
Overall, fifteen big transactions totaling 1.348 billion dollars in Ethereum were moved in the recent bull run as ETH prices were approaching the $3,800 mark. The smallest transaction carried 10,000 ETH, an equivalent of $38 million, while the largest stood at 50,020 ETH worth over $183.<\/p>\n\n\n\n
According to blockchain transactions tracking services, Binance and Blockfolio were the two biggest crypto platforms involved in these numerous transfers.<\/p>\n\n\n\n
Ethereum Prepares for $4,000<\/strong><\/h2>\n\n\n\n
Ethereum has always been a go-to cryptocurrency in the altcoin space. Despite the increasing gas fee, the demand for the coin among institutional buyers and the public never seemed to have dropped. But now, with the change in the natural functioning of the network, the demand has additionally increased due to more tokens being burned than created (during excess network loads).<\/p>\n\n\n\n
![\"Graphical](\"https:\/\/lh6.googleusercontent.com\/laLgaZJLtW9hRhILnNmsNFdhG3Fn4ePqMyJxUZWlkNPY3cAhOLIQlFK2E_25WoJVo6B72Pb3PU0Ek1nvyPzGMPMssaelsuXZdkcUMaHTp5qZHzsnyV5dHThe0HqBVSfNbY6YaVGAF-9dN68DYg=s0\")
<\/figure>\n\n\n\n