Greeks.live： Ethereum falls below the key support level of $2000, with traders generally holding a bearish attitude

Greeks.live analyst Adam stated that traders generally hold a bearish attitude towards Ethereum, believing that the performance of ETHBTC is weak and Ethereum prices have fallen below the key support level of $2000. Most people believe that selling Ethereum call options is one of the best strategies in the near future, while Bitcoin has received some support above $85000. In terms of option trading, most people believe that the calendar spread strategy (sell close and buy far) has advantages in the current Ethereum market, especially after a large number of options expire today. At the same time, the price of Bitcoin has been supported above $85000. According to analysis, this is mainly attributed to the buying protection of about 1500 bitcoins within the Binance exchange, as well as the hedging behavior of market makers. Several traders shared recent experience and believe that adopting option hedging strategy is safer than maintaining price exposure, especially in the current situation of increasing market uncertainty.