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Regulatory fears put a damper on Ethereum traders’ $5,000 target -Breaking

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This week EtherETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in (BTC(May 2018) Terms Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry.

Price on FTX. Source: TradingView

Notice the ascending channel formation initiated in mid-October, which likely reflects the network’s $177 billion total value Secured by smart contracts (TVL).. Moreover, Ether’s ETH 2.0 beacon chainBalance reached 8.45 Million, an increase of 4.5% in November.

For Dec. 3, open interest in Ether Options is a total of $3.3 billion Source: