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Greeks.live: ETH options traders are divided on the $2800 level, with the performance of US stock ETFs potentially determining the breakout direction
PANews reported on February 24th that Adam, a macro researcher at Greeks.live, released a Chinese community briefing. It revealed that there is a difference in opinion among ETH options traders regarding the $2800 threshold, mainly due to the high concentration of gamma at this level. Most people believe that the performance of the US stock ETF will determine the breakthrough direction and suggest caution before the opening. In addition, there is strong bearish sentiment for SOL, believing that it is forming a large M-top pattern, and is expected to test the $120 support level.