Recently, the Crypto Assets market has once again heated up, and the price movement of Ethereum (ETH) is particularly noteworthy. Analysts have pointed out that a key indicator in the derivation market suggests that ETH may soon welcome a wave of strong pump.

According to reports, this important indicator is the net Gamma exposure of market makers in the Deribit Ethereum options market. Gamma, as one of the core parameters in options trading, reflects the sensitivity of option Delta to changes in the price of the underlying asset. When market makers are in a negative Gamma state, they are often forced to buy when the ETH price rises and sell when it falls, which may exacerbate one-sided market volatility.

According to data provider Amberdata, there has been a significant negative Gamma accumulation in the strike price range of $4000 to $4400. This means that once ETH breaks through the $4000 mark, market makers may buy large amounts of ETH for risk hedging, creating a self-reinforcing upward cycle that pushes the price rapidly up to $4400 or even higher.

However, the actual situation in the market seems to be more optimistic than the analysis. There are reports that the negative gamma scale between 4500 and 5000 dollars is also expanding, which may indicate that the rise of ETH may not stop at 4400 dollars, but is expected to directly challenge the 5000 dollar mark.

Despite the high market sentiment, investors must remain vigilant for potential risks. The Crypto Assets market has always been highly volatile, and rapid price pumps may be accompanied by equally swift pullbacks. Therefore, when making investment decisions, it is essential to maintain rationality and fully assess risk tolerance.

With the continuous development of the Ethereum ecosystem and the upcoming network upgrade, the price movement of ETH will undoubtedly continue to be the focus of market attention. In any case, this possible price pump will provide us with an excellent opportunity to observe market dynamics and the impact of derivation.