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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 (BTCSince May 2018, the following terms have been in effect: Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from Dec. 3’s $680 million options expiry.

Price on FTX. Source: TradingView

Notification the ascending channel formation initiated in mid-October, which likely reflects the network’s $177 billion total value locked in smart contracts (TVL). Ether also has an ETH 2.0 beacon balance AttainedAn 8.45million high is 4.5% higher than November’s.

The open interest of Dec. 3 in Ether options is aggregated Source: Coinglass.com