ETH1! Everything is moving along pretty normally. The recent upward movement has triggered some aggressive positions aimed at further gains toward the 2700–3000 zone.
However, a more experienced options analyst would be able to read the meaning behind the largest new positions that appeared during yesterday’s rally. Their structure suggests that calls at 2400 are mostly being sold off, and the entire 2400–2700 range looks like a put spread strategy — indicating the market expects prices not to go above 2400 by the end of the 30th May .
That said 🤝, it still doesn’t completely rule out the possibility of a short-term rise in price.
📌 On April 3rd, when ETH was trading around 1,850, I highlighted a potential buying opportunity with a target near 1,550. As of today, ETH has moved in line with that outlook and is currently trading around 1,540. If the support at 1,530 is broken, the next key support levels to watch are 1,465 and 1,177.
📊 Additionally, a new CME gap has formed between 1,755 and 1,620, which is currently acting as a resistance zone. If this gap is filled, it could potentially drive the price back toward the 1,800 level.
🚨 ALERT: A hacker stole 2,930 ETH (5.4M) from zkLend, then accidentally visited a phishing site posing as TornadoCash, losing the entire haul to another thief.
ETH1! Everything is moving along pretty normally. The recent upward movement has triggered some aggressive positions aimed at further gains toward the 2700–3000 zone.
