Nansen analyst: ETH options market tends to be bullish, indicating investors are cautiously optimistic about medium-term appreciation

PANews February 16th news, according to Cointelegraph, CoinGlass data shows that as of 10:35 am UTC time on February 16th, more than 70% of ETH options open contracts were bullish contracts. Nansen research analyst Nicolai Sondergaard said bullish positions This shows that investors are cautiously optimistic about the medium-term appreciation of ETH. However, while ETH has not seen a significant recovery in the current cycle, the price is still about 44% lower than the all-time high of more than $4,890 three years ago (November 2021).