Ethereum (ETH) moved into bullish territory and pushed upward past the $3,800 level. Ether bulls are set to capture a $53 million profit after today’s weekly options expiration.
Investors also appear to be disinterested in ETH underperformance relative to BTC. Currently the altcoin’s gains stand at 265%. If ETH can stay above the $3,600 price today on Friday, 99% of the $180 million put options will become worthless.