Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline
Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
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Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply.
The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.
A physical representation of doge and shiba inu token. (Kevin_Y/Pixabay)
Bitcoin, the leading cryptocurrency by market value, fell by nearly 15% in April, ending a seven-month winning streak.
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.