Derived from BitJie, Ethereum's price is caught in a 2,850–3,100 USD range with growing bullish and bearish divergence. Some traders are betting on a drop to 2,900 USD by the weekend, while the GEX indicator suggests a short-term upward target of 3,090–3,092 USD. The options market is dominated by aggressive shorting of put options, with positions concentrated around 2,600–2,850 USD strike prices.
Ethereum Bulls and Bears Intensify Dispute as Options Market Favors Put Positions
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