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

Posted on 02/23/2024

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.

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