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Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry

However, traders worry that the 15% correction that followed the $4,870 all-time high on Nov. 10 could indicate that a larger bearish movement is in place. The rupture of the 55-day ascending channel reinforces this thesis and Nov. 19’s $550 million Ether options expiry will likely favor bears.

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Source: Cryptocurrency - investing.com

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