Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says

Options dealers likely bought ETH in spot/futures market to hedge their short call exposure, adding to bullish momentum, BloFin's Griffin Ardern said.

https://www.coindesk.com/markets/2024/02/22/ethers-3k-breakout-partly-fueled-by-dealer-hedging-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines