Ethereum rises above $ 1,500 for the first time amid enthusiasm in the options market

Ethereum (ETH) hits new all-time high above $ 1,550 amid intensifying bullish trend in options and decentralized finance markets.

On the evening of February 2, the ether rate surpassed the $ 1500 mark and continues to confidently hold the achieved positions. At the time of publication of the ETH trading at $ 1556.

One of the factors behind the current growth, analysts consider the positive dynamics in the markets for ether options. On some platforms, the volume of buy orders (calls) reaches 80%. Rising interest in DeFi amid the retail frenzy in US markets is also driving growth.

Ethereum rises above $ 1,500 for the first time amid enthusiasm in the options market

Ether price did not rebound, reaching all-time highs last week, which indicates weakening resistance and increasing bulls’ onslaught. Further holding of current positions will lead to the formation of a fairly strong support level around $ 1440.

Recently, the head of the data analysis department of CEX.IO Broker, Yuri Mazur, spoke about why he expects steady growth of ETH / USD in 2021 and the main goal of 2.196 points will be achieved.

text: Ivan Malichenko, photo: Shutterstock, chart: TradingView

Ethereum rises above $ 1,500 for the first time amid enthusiasm in the options market

Similar articles