The upcoming expiry of $2.4 billion in Ether options on May 30 could influence ETH's attempt to break above $2,700. Despite recent gains, Ether is down 21% in 2025, facing competition from other blockchains. While $1.3 billion in call options dominate the expiry, 97% of put options set at $2,600 or lower may expire worthless. Analysts suggest that macroeconomic factors and trading strategies could limit Ether's bullish outcome. The article highlights potential scenarios based on current price trends, estimating profits from open interest imbalances. Bulls aim to push ETH past $2,700, but external factors like the S&P 500's influence on investor risk appetite may impact ETH's price. This information serves as general insight and not as legal or investment advice, reflecting the author's opinions and not necessarily those of Cointelegraph. Read more AI-generated news on: https://app.chaingpt.org/news

#ETH