Bitcoin has broken its all-time high (ATH) from the 2021 bull run, but Ethereum has not yet surpassed its ATH from three years ago. However, options traders are bullish on Ethereum in the medium term, with over 70% of the open interest in call contracts. Investors are betting on an increase in ETH but remain cautious. Whales are also hedging against downside risk. Ethereum is currently trading at $2,805.



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