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Ethereum options data suggests the battle for $4K ETH is at least a week away By Cointelegraph

by Mike Robinson

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Ethereum options data suggests the battle for $4K ETH is at least a week away

For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. After a short rally to $4,000 the first week in September, the price crashed and retreated into the ascending channel.

Bitstamp’s Ether Price in USD Source: TradingView

In August, nonfungible tokens posted record-breaking transactions, clogging the network and causing average transaction fees to surpass $40 in early September. Although NFT trading volume has continued to subside, new items continue to be minted every minute regardless of whether they’re being traded.

Options aggregate open interest September 3. Source: Bybt.com

The call-to-put ratio reflects a balanced situation

Minimal volatility is expected for this week

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