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The ETH options market shows significant divergence, with bulls and bears battling around the $2850-$3000 range.

Recently, the sentiment in the ETH Options market is quite interesting - traders are clearly divided into two factions.

Both bulls and bears are engaged in a tug-of-war near several key price levels: the strike prices of $2,850, $2,900, and $3,000 have become the focal points. Interestingly, the strategies in the market are completely different: one group is selling call Options while buying put protection, clearly taking a cautious stance on short-term trends; another group is directly proclaiming “the bull market is back,” with a very firm position.

This divergence itself can explain the issue well— the market is indeed in a directional entanglement at this position.

ETH7.25%
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0xSherlockvip
· 11-29 10:09
The range-bound phase from 2850 to 3000, to put it bluntly, is just that no one dares to be certain. It's a true noodle market, both factions have their reasons but lack confidence. Once again, it's a rhythm of "if you dare to bet, I dare to do the Reverse operation." Such moments of divergence test psychological quality the most; I choose to continue lying flat. Those who sell rises and bet on the decline are the real smart ones, while those who follow the trend and shout bull should wait to be liquidated.
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SchrodingerAirdropvip
· 11-26 15:30
This situation is like staring at each other at a poker table, really unsure who is right and who is wrong. If the trading range between 2850 and 3000 cannot be broken, we will just have to continue watching the show. The old kindness of selling rises and betting on the decline is still here, I still want to bet on the return of the bull. Wait a minute, do these people really know what they are doing? After all the entanglements, in the end, it’s still the funds that speak. If you ask me, this is the calm before the dawn, either an explosion or a collapse. Are all three price levels fully pressed? That must be a lot of idle money.
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FlashLoanPhantomvip
· 11-26 15:30
From 2850 to 3000, I really can't understand it 😅 What are they betting on? The guts to sell on the rise and bet on the decline is really big, I don't have that kind of heart. Is the bull run back? Let's wait and see, fren. To be honest, this position is just a gamble, no one should pretend to understand. One side is bearish and the other is bullish, anyway, I have to Rug Pull now. Will 3000 break through? Let's see tomorrow's market. Are the people selling on the rise serious... Whoever can hold on wins this wave, simple and brutal. What does such a big divergence indicate? No one knows, right? This kind of fluctuating market is a bit annoying.
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AirdropHunter9000vip
· 11-26 15:28
Disagreements are correct, that's how trading opportunities arise. The range of 2850-3000 is indeed a bit stuck.
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DeFiCaffeinatorvip
· 11-26 15:21
This game still depends on how 2850 defends; if it breaks, it will really cool down. --- Half the people are hedging while the other half are bullish, typical of a market without Consensus, and this is when it's easiest to be played for suckers. --- 3000 is a hurdle that cannot be bypassed; let's see who blinks first. --- Interestingly, those selling calls are actually the clearest; they have already placed their bets. --- For those saying a bull run is coming back, it's not too late to wait a bit. --- The greater the divergence, the greater the Fluctuation; this is the kind of market I like. --- Around 2900 is definitely the main battlefield today, but I bet 3000 still won't break. --- Options traders are at odds, indicating that the bottom is still uncertain; it feels like it will oscillate for a while longer. --- The strategy of selling rises and betting on the decline is fine; it just depends on how long this protection can last. --- The real showdown should be next week; for now, it's just testing the waters.
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MetaLord420vip
· 11-26 15:12
Those cowards who sell bullish and buy protection still don't trust their own judgment too much; real players are betting on the bull run. --- 2850 has been stuck for half a day; if it doesn't break this time, I'm out, I don't have that patience. --- It's a matter of minutes; just wait for 3000 to break, and it'll be done. --- Both sides are betting on who has more capital; anyway, I've already gone all in. --- Wake up, everyone; this kind of indecisive period often means that a big market move is coming, so stock up on chips and wait for the right moment. --- Saying it won't break is just playing people for suckers; there's no technical skill involved. --- The 3000 dollar level is too critical; it feels like the market maker is positioning here.
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