4 reasons why Ethereum options traders expect ETH price to reach $880 By Cointelegraph

4 reasons why Ethereum options traders expect ETH price to reach $880

Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750.

Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also played a major part.

Total Value Locked, USD. Source: DeFi Pulse
Ether options open interest. Source: Crytorank.io
Ether options open interest put/call ratio. Source: Cryptorank.io
Ether Jan. 29 call options delta. Source: Deribit
Ether Sept. 25 call options delta. Source: Deribit
Mar. 2021 Ether futures premium. Source: Digital Assets Data