Ethereum Price Surge: Options Market Signals Potential Rally To $4,400

A recent surge in Ethereum’s price has caught the attention of market observers, with an intriguing option-market signal indicating a potential for further gains. Key takeaways from Deribit data indicate short gamma exposure between $4,000 and $4,400, a phenomenon where dealers are forced to buy ETH as prices rise and sell when prices fall. This creates a self-reinforcing rally effect. This could push Ether towards the crucial $4,400 level. 🤔