![Crypto-Analysts-Cant-Agree-on-Why-the-Ether-ETH-Price.jpg Crypto Analysts Can't Agree on Why the Ether (ETH) Price Outperformed Bitcoin's (BTC) During Last Week's Market Slide](https://cryptotoptrends.com/wp-content/uploads/2023/08/Crypto-Analysts-Cant-Agree-on-Why-the-Ether-ETH-Price-678x381.jpg)
“For BTC, I think market makers’ hedging contributed to the price drop, but for ETH, it was a key factor that prevented the price from falling sharply,” Ardern said. “ETH had solid positive gamma near the strike price of around $1,600, and its total gamma is still positive, which means that when the price falls, market makers are buyers rather than sellers.”
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