ETH Options Traders Divided Over $2800 Mark Amid High Gamma Concentration

According to PANews, Greeks.live macro researcher Adam shared insights in a Chinese community briefing, revealing a split among ETH options traders regarding the $2800 level. This division is primarily due to the high concentration of gamma at this point. Many traders believe that the performance of U.S. stock ETFs will determine the direction of a potential breakout, advising caution before market opening. Additionally, there is a strong bearish sentiment towards SOL, with expectations that it is forming a large M-top pattern and may test the $120 support level.