ambcrypto.com: Ethereum: Here’s how traders are reacting to ETH’s rising prices

Journalist

Posted: November 10, 2023

• Traders became optimistic as ETH’s price grew.
• Sentiment around ETH spiked and network usage remained the same.

Ethereum [ETH] bears recently met their day of reckoning as ETH’s prices surged after the latest Ethereum ETF development. Due to the spike in ETH price, trader behavior was impacted significantly.

Looking at the traders

According to Greeks.Live’s data, there are 220,000 ETH options that are set to expire soon.

The Put Call Ratio for these…