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Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry By Cointelegraph



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Ether (ETH) flirted with its $4,380 all-time excessive on Oct. 21 however didn’t breach it by a couple of {dollars}. Some analysts, together with impartial market analyst Scott Melker, imagine that an exchange-traded fund (ETF) approval is the subsequent logical step for the U.S. Securities and Trade Fee (SEC).

Nevertheless disillusioned Ether bulls is perhaps, they’re prone to rating a $78 million revenue on Oct. 22’s choices expiry. Bears had been apparently caught off-guard as Ether collected a 35% acquire month-to-date.

Ether value at Bitstamp in USD. Supply: TradingView
Ether steadiness on exchanges. Supply: Glassnode
ETH choices mixture open curiosity for Oct. 22. Supply: Bybt.com