Ethereum options data suggests the battle for $4K ETH is at least a week away By Cointelegraph
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.
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.
The call-to-put ratio reflects a balanced situation
Minimal volatility is expected for this week
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