Nansen analyst: ETH options market tends to be bullish, investors are cautiously optimistic about medium-term appreciation

Odaily News CoinGlass data shows that more than 70% of ETH options open contracts are bullish contracts. Nansen research analyst Nicolai Sondergaard said that bullish positions indicate that investors are cautiously optimistic about ETH's medium-term appreciation. However, although ETH has not seen a significant recovery in the current cycle, the price is still about 44% lower than the historical high of more than $4,890 three years ago (November 2021). (Cointelegraph)