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Friday’s $540M Ethereum options expiry favors traders with targets at $5K -Breaking

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Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high.

Even though Ether has moved to $5,000 there remain concerns over the network’s capacity to take on strong demand from non-fungible tokens and decentralized finance sectors (DeFi).

Coinbase: Price of Ether in USD TradingView
Ether options combine open interest for Nov. Source: Bybt