Greeks.Live: Traders Anticipate ETH to Hit $4000 and Even Higher Targets

BlockBeats News, July 11th, Greeks.Live released a Chinese brief stating that Bitcoin broke through a new all-time high to near $118,000, Ethereum successfully reached the $3,000 level, and market sentiment was highly bullish. Traders generally believe this is a rare major rally that occurs every few months, with expectations that ETH will target $4,000 or even higher.

During this rally, the expiration date option buyer strategy has been highly successful, with individual gains reaching 13-17 times. Technical analysis shows that ETH is currently in a wide oscillation range of $2,800-$3,200, and the Gamma Ex indicator exhibits a negative gamma amplification trend, indicating that significant volatility may occur next instead of a one-way trend.