Ether's $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says
Briefly

Dealer hedging, a market dynamic that accelerated bitcoin's (BTC) uptrend in late 2023, is now influencing ether's (ETH) price.
Market makers are entities tasked with providing liquidity to the order book...buy ether as prices rise.
Read at Coindesk
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