has remained stagnant around the $3500-mark for quite some time now. Despite its sideways movement, however, bullish sentiment around ETH has been growing.According to recent data, 200,000 Ethereum options contracts recently expired, and the data surrounding this event hinted at a surge of bullish sentiment in the Ethereum market. The Put-Call Ratio, a key indicator of market bias, sat at a low 0.36 at press time.
If Ethereum surpasses $3,600 at expiry, most call options will be profitable, again reflecting a bullish bias. If bearish sentiment persists, the price of ETH could go down to the $3,000-level. The CMF for ETH fell significantly during this period as well.
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