Ether Options Point to Bullish Market Sentiment for End of April

The options market seems to have taken on more bullish positions in the largest cohort of Ether ETH/USD options open interest by expiration date, contracts for the end-of-April expiry. Some $3.3 billion of notional ether options set to expire, according to Deribit data, and roughly two-thirds of that amount have been placed on calls, or bullish bets on price. "Call strikes are clustered between $3,700 - $4,000, showing an upside bias and underlying bullish sentiment in the market" Wintermute OTC Trader Jake Ostrovskis told The Block.

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