What will be the fate of Ethereum futures?

31.08.2018 / 12:52

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CBOE announced that by the end of 2018 they will release futures on the Ether cryptocurrency. They will utilize the Gemini crypto-currency trading platform developed by the Winklevoss twins. In the end of last year CBOE released Bitcoin futures. As many crypto-currency traders know this more or less coincided with the peak in price of Bitcoin.

If the Bitcoin scenario repeats, the price of Ether might find itself under additional pressure. On the chart of Ether on the left we can see the strong downwards trend in the price of the crypto-currency. More significantly however is the divergence between the price action and the TD Demarker. It might indicate a stronger support for Ether by buyers. This might indicate an expectation of stronger prices by investors. This isn't completely illogical. If the market's reaction to the release of the futures given the stratospheric prices was to short bitcoin, now, given the very low prices of crypto-currencies, the market's reaction might be to buy.

Source: CNBC

Original post: This chart could explain why the bitcoin bubble hasn't fully burst

Chart: Used with permission of Bloomberg Finance L. P.

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What will be the fate of Ethereum futures?

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