Greeks.Live: Traders Expect ETH to Challenge $4,000 and Even Higher Targets
BlockBeats News, July 11 — Greeks.Live released a Chinese briefing stating that Bitcoin has broken through its all-time high to around $118,000, while Ethereum has successfully surpassed the $3,000 mark, with market sentiment remaining highly bullish. Traders generally believe this is a rare major market event that occurs only every few months, and expect ETH to challenge $4,000 or even higher targets.
In this market environment, end-of-term options buyer strategies have achieved significant success, with single-trade returns reaching 13 to 17 times. Technical analysis shows that ETH is currently fluctuating within a wide range between $2,800 and $3,200. The Gamma Ex indicator is displaying a negative gamma amplification trend, suggesting that significant volatility may follow rather than a one-sided trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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