Compared to bearish options, bullish options dominate the open interest contracts of Ethereum options, reflecting a bullish market sentiment due to traders’ expectations of ETF trading. Recently, Ethereum spot ETF was approved by the U.S. Securities and Exchange Commission, and the largest increase in open interest contracts for Ethereum options in the past 24 hours was mainly in bullish options. Data shows that the put-call ratio for Ethereum is 0.56, indicating a bullish sentiment. Analysts also point out that the implied volatility of bullish options for Ethereum has been relatively high recently. In the past 24 hours, the price of Ethereum has slightly increased by 0.5%, while the GM30 index has risen by 0.43% during the same period.
