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Ether options traded a record 1,135 contracts ($216 million).“Traders seem to be getting more exposure now to ETH relative to Bitcoin,” CryptoQuant said.
"The largest daily spot buying from ETH permanent holders so far in 2024."Ether prices in the coming days could be volatile after investors sent 62,000 ETH to exchanges, the most since early March, it said.
"High exchange flows are typically associated with price volatility.”On the flip side, the firm’s analysts warned of a “significant price correction” should the ETF application be dismissed.Six issuers, including BlackRock, filedupdated copies of their ether ETF proposalsthis week ahead of a decision due today.
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