ETH price tops $2.8K as options traders open bearish positions: Are bears wrong?

Ether price continues to show strength at $2,800 even as some traders embrace bearish options strategies. What gives?
Key takeaways:
Traders are using bearish ETH options to hedge after Ether’s 49% rally in May.
An altcoin ETF listing season could negatively impact ETH’s market dominance and price action.