20% Chance of ETH Price Surpassing $5,000 by June, According to Options Traders
CryptoNewsTerminal Staff22 May, 2024
20% Chance of ETH Price Surpassing $5,000 by June, According to Options Traders
Citing data from Lyra (LYRA), an options trading protocol for the Synthetix (SNX) ecosystem, Coindesk reported that "there is a 20% chance the price of ether will climb to $5,000 by the end of June." As per Lyra founder Nick Forster, the growing odds of a spot ether ETF approval have led to increased demand for call options with strike prices above $5,000 for the June and July expirations. This heightened demand signals a more bullish outlook for ETH's future price trajectory.
