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Cryptocurrency News

Monthly Ethereum options data suggests $2K will remain an elusive target

08/25/2022

Less than a minute

2022.08.25 00:50

Since failing to close above the $2,000 mark, Ether (ETH) price has faced a steep 16.8% correction, but this was not enough to give bears an edge in the August $1.27 billion monthly options expiry.

Currently, there are mixed feelings about the network’s upcoming change to a proof-of-stake (PoS) consensus network and analysts like @DWhitmanBTC believe the potential benefits of PoS do not supersede the absence of a supply cap and multiple changes in the monetary policy over time.

Source

08/25/2022

Less than a minute