Ethereum Traders Eye Iron Condor as Uptrend Signals Emerge

Why Ethereum Derivatives Traders Are Using an Iron Condor Strategy

Ethereum has fallen to $3,480, dropping 3% in the past 24 hours. According to traders at Wintermute, ETH is currently stuck between $3,200 and $3,400. This price range is allowing derivatives traders to potentially profit using the Iron Condor strategy. Meanwhile, Bitcoin is also range-bound, trading between $63,000 and $65,000.