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Ethereum bulls likely to profit $130 million on ETH options despite two-week slump -Breaking

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EtherETHAfter the 344% gain accumulated between Nov. 24, 2021 and November 24, investors don’t have any reason to be unhappy. However, analysts are concerned that the resistance test at $4,000 on Nov. 19 may be forming a downward channel and aiming for $3,600 by December mid-December. That’s an 18% improvement from the current $4,000.

Although outperforming, (BTCEther is struggling to sustain its success, with the pair rising by 16% over the past month.

Bitstamp price in Ether/USD Source: TradingView
For Nov. 26, open interest is in Ether options. Source: Coinglass