#CryptoRoundTableRemarks

#TradersLeague Traders are utilizing bearish ETH options to hedge following Ether's 49% surge in May. An altcoin ETF listing season could impact ETH's market dominance and price action negatively. Despite a 10% surge in Ether's price between Monday and Tuesday, reaching a 15-week high, ETH has struggled to break above $2,800. This resistance level coincides with increased use of downside protection strategies in ETH derivatives markets. Open interest in ETH options rose to $8.3 billion from $6.3 billion, indicating stronger institutional involvement. Notable strategies include the 'short risk reversal' and the bear diagonal spread. While concerns exist about Ether's competitive edge and institutional appeal, the market remains cautiously optimistic. The increased demand for downside protection in ETH options does not necessarily indicate a bearish sentiment, with neutral-to-bullish strategies prevailing. This article provides general information and does not constitute legal or investment advice.