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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. Analysts fear the $4,000 resistance test, which was held on Nov. 19, is now forming an ascending channel. It aims to reach $3,600 mid-December. This would be 18% more than the $4,400 current price.

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

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