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Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry
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Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC).
My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin ETF.
However disappointed Ether bulls might be, they are likely to score a $78 million profit on Oct. 22's options expiry. Bears were apparently caught off-guard as Ether accumulated a 35% gain month-to-date.
Investor sentiment was also positively impacted by the pension fund for firefighters in Houston, which announced a $25 million allocation in Bitcoin (BTC) and
Read more on cointelegraph.comAbout this in other media
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