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Ethereum price hits $3,800, boosting bulls’ control in Friday’s ETH options expiry By Cointelegraph

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© Reuters.

Ether (ETHThe price of ) moved towards the $3,800 mark earlier in the month, and it has entered a bullish channel. The Ether bulls will make a profit of $53million despite recent volatility.

Also, investors appear disinterested Ether’s latest underperformance versus (BTCThe altcoin has seen 265% growth to date. If Ether can maintain a price above $3,600 Friday, then 99% of $180 million worth put (sell), options will be lost.

Bitstamp price in USD for Ether TradingView
Ether Oct.15 futures open interest. Source: bybt