Traders reach strong consensus on bearish ETH, but are bullish on BTC

According to ChainCatcher, Greeks.Live macro researcher Adam stated that there is a strong consensus in the community to be bearish on ETH, believing that its upside potential above $4,100 is limited and that there is a possibility of a significant decline. Traders are actively selling both ETH put and call options, betting that it will remain weak and fluctuate within a range.

In contrast, the market's bullish outlook on bitcoin is becoming apparent, with $115,000 seen as the trigger point for a substantial rally.