Quick take:
- Deribit has just announced the addition of the ETH $20k strike to its December 2021 options contracts
- Such a strike price points towards a demand for such a product by Ethereum bulls
- Ethereum has just set a new all-time high of $1,438 and looks keen to keep moving up
The crypto derivatives exchange of Deribit has just added the Ethereum $20k strike to its December 2021 ETH options contracts. The team at the exchange announced the addition via the following tweet.
We've introduced the $ETH 20k strike in the Dec21 expiry! 🚀
— Deribit (@DeribitExchange) January 19, 2021
A $20k Ethereum Strike Price is Bullish
The addition of the Ethereum $20k strike to its December 2021 options contracts comes only moments after ETH set a new all-time high of $1,438 – Binance rate – after confidently breaking the $1,350 resistance zone. The addition of such a bold strike by Deribit is an indicator that traders are particularly bullish on the future value of ETH.
Ethereum Could Quickly Rise to $1,500 and Higher
The fate of Ethereum in the crypto markets has been explored by the team at Crypterium analytics. According to their most recent analysis of Ethereum, ETH should ‘rise to $1,500’ and keep pushing higher due to the launch of the CME Ethereum futures on the 8th of next month.
They forecasted the possibility of Ethereum’s value going higher via the following statement.
In the event that the Ethereum price is set by ATH, its price can quickly rise to $1,500…
But after that, the news background will be saturated with the main event of February for Ethereum — the listing of an ETH futures contract on the world’s largest commodity exchange CME. This will significantly attract the attention of the public, which knows little about cryptocurrency.
They will want to buy ETH before they go to CME and will come to crypto exchanges. As a result, they can put strong pressure on sellers and the price may rise even higher, up to the range of $1,500 — $2,000.