---
title: "Ethereum options traders still bullish despite recent crash: Kaiko"
url: https://diffcoin.com/ethereum-options-traders-still-bullish-despite-recent-crash-kaiko/
description: "Ethereum options traders remain optimistic about its future despite recent market fluctuations, fuelled by regulatory developments."
published: 2024-06-25
updated: 2024-06-25
author: "Mila"
site: "Diffcoin"
---

# Ethereum options traders still bullish despite recent crash: Kaiko

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Ethereum (ETH) options traders maintain a bullish stance despite the recent market turbulence, according to analysts at Kaiko. This analysis is backed by the put-call ratio dynamics, which raised in May and suggested a bearish sentiment as more puts than calls were bought.

Image: Kaiko

However, this trend reversed in June as the ratio declined, indicating a shift towards bullish bets. This optimism is further supported by the trading volumes at higher strike prices for December expiries, where a significant number of calls exceed the current price levels.

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

The positive shift in trader sentiment can be linked to recent regulatory developments, Kaiko analysts highlighted. Last week, the SEC concluded its investigation into ConsenSys regarding Ethereum’s status as a security, which has likely contributed to the bullish outlook among traders.

Moreover, as reported by Crypto Briefing, the spot Ethereum exchange-traded funds (ETF) are likely to start trading in the US on July 2nd. This information was later reiterated by Bloomberg ETF analyst Eric Balchunas.

Therefore, this could potentially trigger a price leap for Ethereum, as experts shared with Crypto Briefing near the ETF approval in May. Although some of the upward movement might be already priced, there’s a significant chance that ETH might sharply increase its price following the start of the ETF trading in the US.

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[Source link](https://cryptobriefing.com/ethereum-market-trends-analysis/)