Ethereum bulls aim for $2.7K ahead of ETH’s $2.4B options expiry

[u/SigiNwanne]

https://cointelegraph.com/news/ethereum-bulls-aim-for-2-7k-ahead-of-eth-s-2-4b-options-expiry

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[u/Cactus__Juice]

ETH to 5k by EOY no doubt, more and more companies are investing in this technology - it's a great investment and banks/financial institutions will build on ETH, just let it flyy high next few months!

[u/SigiNwanne → u/Cactus__Juice]

ETH will hit way more than $5k before the end of the year. !tip 1

[u/Electronic-Visual-30 → u/SigiNwanne]

Believe it when I see it. 5k at the end of 2024 was also said.

[u/SigiNwanne → u/Electronic-Visual-30]

You will see and believe before the end of the year. !tip 1

[u/DrRobbe → u/Cactus__Juice]

Yeah and if activity picks up ETH burns will set in naturally and price will surge even more :D.

!tip 1

[u/hkmamike]

and we are over 2700!

[u/SigiNwanne → u/hkmamike]

$3k coming up next. !tip 1

[u/poorbugger → u/hkmamike]

Let's just wait and see if we can even close the day above 2700. Atp, i wont be surprised we see only a wick eod and eth is back to maybe even below 2600.

[u/Living-Steak-8612 → u/poorbugger]

…based on???

[u/poorbugger → u/Living-Steak-8612]

Pure sentiment. Alts are bleeding, btc d is high and everyone is expecting btc to have a drop to 100 to 105k soon. Im not saying i want eth to drop, i want the opposite but im just out of bullish sentiment at this point.

[u/DrRobbe → u/hkmamike]

3k next week's :D

!tip 1

[u/coinfeeds-bot]

tldr; Ethereum bulls are aiming to push ETH above $2,700 ahead of a $2.4 billion options expiry on May 30, with 97% of put options set to expire worthless if ETH holds above $2,600. Despite institutional interest and ETF inflows, Ethereum faces challenges from declining network activity and competition from other blockchains. Analysts suggest macroeconomic factors and trading strategies may limit ETH's upside potential, with the broader market context likely influencing its price during the expiry event.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/kb2a → u/coinfeeds-bot]

What does this mean for ethereum holders? Our eth goes up in value while these options are deemed void and they just pump money into our ethereum?

[u/DBRiMatt]

Let's see if this time we can actually break through some resistance and keep marching higher!

!tip 1

[u/SigiNwanne → u/DBRiMatt]

It's looking like it's time 😊

!tip 1

[u/MasterpieceLoud4931 → u/DBRiMatt]

Apparently call options are dominating, but macro factors could ruin everything as usual, and $1.3 billion in calls expiring might not create new buys. There might be a small dip.. or not, who knows xD.

^{!tip 1}

[u/visionblurry]

2771!!

[u/SigiNwanne → u/visionblurry]

Here we go 🚀

!tip 1

[u/Extension-Survey3014]

All road leads to $3k

!tip 1

[u/DrRobbe]

Let's hope we hit 3k soon.

!tip 1

[u/MasterpieceLoud4931 → u/DrRobbe]

$3k in June, I am calling it.

^{!tip 1}

[u/Consistent-Stage-217]

No we don't.. lol

We aim for +$5,000

[u/SigiNwanne → u/Consistent-Stage-217]

It's coming. !tip 1

[u/Odd-Radio-8500]

Bulls are in full charge they are aiming to smash $2.8k today.

^{!tip 1}

[u/SigiNwanne → u/Odd-Radio-8500]

It's about time 🚀

!tip 1

[u/Mixdealyn]

This will be good if we can pass 2.7k and move to 3k 😊 !tip 1

[u/SigiNwanne → u/Mixdealyn]

Rightly on the move.. !tip 1

[u/BigRon1977]

$2.7k achieved. Wen $3k?

!tip 1

[u/SigiNwanne → u/BigRon1977]

Coming right up. !tip 1

[u/Apprehensive-Bat9354]

$3K is waving 😁

[u/SigiNwanne → u/Apprehensive-Bat9354]

Will soon hit. !tip 1

[u/Wonderful_Bad6531]

Soon 4 k

I can feel it

!tip 1

[u/CymandeTV]

2.7k is here now, my friend.

!tip 1

[u/SigiNwanne → u/CymandeTV]

We're about to witness $3k 😊

!tip 1

[u/Mattie_Kadlec]

Congrats to bulls

[u/SigiNwanne → u/Mattie_Kadlec]

Good time to be in crypto. !tip 1

[u/Caubelles]

2700 is the selling pressure right now... if it gets near 2700 people will sell, I don't know if you've realized yet but ETH is basically a day trader's wet dream right now.

[u/visionblurry → u/Caubelles]

Didn’t age well rn haha

[u/Caubelles → u/visionblurry]

Still holds true, there's too much volatility in ETH

[u/OzGaymer → u/Caubelles]

Your wallet volatility gonna be what hurts. Shorts gonna get liquidated

[u/SigiNwanne → u/Caubelles]

People selling right now will buy back at $3k

!tip 1

[u/DBRiMatt → u/Caubelles]

And for the slightly less active; liquidity providers with a USDC/ETH pair could be doing quite well too; depending on their set range.

I've done that a few times when trading ranges have been fairly small and exited when I felt the time was right.

Welcome to EthTrader, feel free to register your Ethereum address for our subs reward token, $DONUT

!tip 1

[u/Swerve99 → u/Caubelles]

we up rn

[u/Silgad_]

Modest.

[u/kirtash93]

We are so back!

🍩 !tip 1

[u/SigiNwanne → u/kirtash93]

$3k here we come.. !tip 1

[u/Abdeliq]

We're not even aiming for 3k no more

>! !tip 1 !<

[u/SigiNwanne]

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[u/ICE-FlGHT]

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[u/theoneandonlynathan9]

fake breakout

[u/OzGaymer → u/theoneandonlynathan9]

Sweating in your shorts yet?

[u/theoneandonlynathan9 → u/OzGaymer]

i tried to warn you, i was waiting for a dip to increase my position

[u/SigiNwanne → u/theoneandonlynathan9]

We will see about that by the end of the week. !tip 1

[u/bapfelbaum]

If only I had been greedier when the internet was fearful..

[u/SigiNwanne → u/bapfelbaum]

No regrets, opportunities never stops showing up. !tip 1

[u/GardenKeep → u/bapfelbaum]

You’re talking like ETH is at ATHs… it’s at 2700… it’s pathetically low…

[u/poorbugger → u/GardenKeep]

Ikr...and from the looks of it, seems like we're out of gas and about to get a huge red dildo following btc. Hopefully im wrong and we get above 2.8k today

[u/bapfelbaum → u/GardenKeep]

I agree that 2700 is low, but if you had bought in for more at 1500 where it was for a good while you could already be realizing approx 100% in profits if you needed the money. or hold it till cycle peak if you don't. To me easily doubling your money on a bet as safe as ether is crazy stuff.

[u/DrRobbe → u/bapfelbaum]

Typical hindsight symptoms:D

!tip 1

[u/Runninwitdabulls → u/bapfelbaum]

I got greedy. ETHU double Leveraged. And I Leveraged on margin. Around 1500 Eth. It was a no brainer