May 15, 2021

Ethereum rises above $ 1,500 for the first time amid the excitement of the options market

Ethereum rises above $ 1,500 for the first time amid the excitement of the options market

Ethereum (ETH) has hit a new all-time high to surpass $ 1,550 amid an 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, ETH is trading at $ 1,556.

Ethereum rises above $ 1,500 for the first time amid the excitement of the options market

One of the drivers of the current growth of analyticsconsider the positive dynamics in the ether options markets. On some platforms, the volume of buy orders (calls) reaches 80%. Increased interest in DeFi amid retail frenzy trade in US markets is also driving growth.

Ether price did not roll backthe high of last week, which indicates weakening resistance and increasing onslaught of the bulls. 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, talked about why he expects a steady increase in ETH / USD during 2021 and the main goal of 2.196 points.

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