Ethereum (
Whales and market makers are yet to become optimistic according to options markets, but the absence of fear after a 33% rally is encouraging. Both options and futures markets point to pro traders fearing that the $1,600 resistance will continue to exert a negative impact on price.
In essence, a more effective measure from the FED is likely needed before crypto investors flip bullish — either signaling the interest rate hike is close to an end, or a shift on the strategy to curb inflation.
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