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Ethereum price hits $3,800, boosting bulls' control in Friday's ETH options expiry
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Ether (ETH) entered a slightly bullish channel earlier this month, and currently the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on this Friday's weekly options expiry.
Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC), and to date, the altcoin's gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will become worthless.
Ethereum smart contract competitors continue to pressure the leading network and at the time of writing, Ethereum's average gas fees remain above $20. Polkadot (DOT) is scheduled to begin its sidechain auctions on Nov. 11, and this will
Read more on cointelegraph.comAbout this in other media
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