Last night ETH surged, and although it did not break through the daily center, the pattern is still promising.

So, how should we respond in the upcoming market? Let's first look at the options data.

The gamma ex indicator shows that in the 2700 to 3000 range, negative gamma is gradually strengthening, which is expected to generate upward momentum.

Additionally, the change in options open interest within 24 hours is mainly in calls, with price distribution in the 2700 to 3000 range, which is very strong.

The overall OI data for ETH options is also rising, indicating bullish momentum for ETH.

From the perspective of the total amount of ETH contracts, we also see a rebound trend, seemingly on track to catch up with the previous peak.

However, it is also not wise to be overly optimistic. In terms of IV changes, the recent increase is significant, but the long-term IV remains calm, so it is not yet time to pop the champagne.

Overall, June still presents a volatile and fluctuating pattern, with a higher probability of rising in the oscillation, but it is still recommended to continuously buy long-term puts for insurance, to be steady and secure.

Wishing everyone prosperity~