Ether’s (ETH) $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says

Ether, the native token of Ethereum’s blockchain, peeped above $3,000 early Thursday. The breakout above the psychological barrier was partly aided by the hedging activities of market makers or dealers from the ether options market, according to Griffin Ardern, head of options trading and research at crypto financial platform BloFin.