Despite the second week of decline, the Ethereum bull was able to earn $ 130 million in ETH options.

As of November 34, ETH investors are expected to grow 344% by 2021. However, analysts fear the November 19 trial of $ 4,000 is pending. mid-December.

ETH has outperformed Bitcoin (BTC) by 16% in the last month alone and the ETH / BTC currency pair has also hit a 10-week high, but ETH appears to have more problems.

Users are still unhappy with the high price of Ethereum's GAS, which has averaged over $ 45 over the past three weeks. No matter how many problems there are, it doesn't necessarily indicate that the larger Financial Management System (DeFi) and Inhomogeneous Token Industry (NFT) will continue to thrive. Ethereum.

“I want to buy something for $ 5 in ETH.

Fuel costs $ 480.45.

Do you think the Airbnb product manager isn't the creator of Ethereum? "

- Chris Bakke (@ChrisJBakke) November 17, 2021

The growth of an uncertain rule in the United States is also a major determinant of the rise of Ethereum. On November 24, the U.S. Securities and Exchange Commission (SEC) announced at a public meeting scheduled for December 2 that the cryptocurrency group would focus on its regulator.

The million ETH burned since using EIP-1559 in August was not enough to keep ETH's value at record highs. Given that the network crashes around 5.4 million ETH per year, cryptocurrencies are still an inflationary asset. However, since October 25, ETH rates have risen 16% against Bitcoin, which in part indicates the impact of this process.

The so-called ETH elections will end on November 26.

Although Ethereum call (call) options fell 10% to $ 4,400 after hitting all-time highs of $ 4,850 on November 10, Ethereum call (call) options are still profitable. .

The green zone, representing $ 820 million in call (call) options, is the bulk of the stock expiring on November 26. Compared to the $ 440 million offer (put) option, this is a difference of 87%.

However, the call / put ratio of 1.87 should not be taken for granted, as the recent drop in ETH could wipe out 77% of bullish bets. For example, if the price of ETH is still below $ 4,400 at 8:00 a.m. UTC on November 26, you only have $ 165 million in call options during the expiration date.

In other words, if the market value of ETH is less than $ 4,400 or $ 4,600, what good is a franchise?

Soldiers need less than $ 4,200 ETH to have a balance.

Here are our three best scenarios based on current tariffs: The number of calls and offer options vary based on the price of ETH expiring on November 26.

Less than $ 4,100: 15,400 call options versus 15,200 bid options. The results were equal.

Between $ 4,200 and $ 4,500: 38,400 call options against the 8,800 call options. Easy calling options.

Over $ 4,500: 50,200 calls for 2,300 deposits. Easy calling options.

This rough estimate believes that call options can be used to predict high prices while providing options to be used only as a means of negotiating low prices. However, this simplistic approach ignores many investment strategies.

For example, a trader can profit from ETH above the price by selling the option. Unfortunately, there is no easy way to estimate the effectiveness of this idea.

Both parties are encouraged to change the price.

The military would need to reduce ETH by $ 4,400, down 7.5% to less than $ 4,100, to avoid a loss of $ 130 million. Multigroup, on the other hand, needs a 2.3% increase. This means that the cost of ETH increases to $ 4,500, increasing your income by $ 85 million.

Now, the boost in the options industry is even, creating a value range of $ 4,200 to $ 4,500, giving multiple teams the chance to earn between $ 130 million on Friday, November 11.