Risk-averse Ethereum traders use this options strategy to increase exposure to ETH By Cointelegraph

© Reuters

On Oct. 1, the cryptocurrency market skilled a 9.5% pump that drove (BTC) and Ether (ETH) to their highest ranges in 12 days. A wide range of causes have been attributed to the worth transfer, together with the U.S. shopper value index, exchanges’ diminishing provide, and a “cup and deal with” bullish continuation chart formation.

Merchants should not more likely to discover a proof for the sudden transfer, other than buyers regaining confidence after the Sept. 19 drop was attributed to contagion fears from China-based property developer Evergrande.

ETH value vs. AVAX, SOL, ATOM. Supply: TradingView
Ether choices technique returns. Supply: Deribit Place Builder