Ethereum Bulls Eye $2.7K as $2.4B Options Expiry Looms ๐ฅ
This Friday marks a major event for Ethereum: $2.4 billion in ETH options are set to expire โ and bulls are in control. Hereโs what you need to know:
๐ 97% of put options become worthless if ETH stays above $2,600
Thatโs a big win for bullish traders. Puts are bets that ETH will fall โ and if it doesn't, those contracts lose all value. Right now, Ether is holding strong above that key level.
๐ Bulls are pushing toward $2,700, a psychological and technical resistance. If they can break through, we could see more momentum โ but itโs not all clear skies.
๐ Macro factors still matter
Sticky inflation, interest rate uncertainty, and risk-off sentiment in traditional markets can limit how far ETH runs, even with bullish momentum on-chain.
๐ง Pro tip: Watch for profit-taking strategies and โmax painโ levels. Market makers often hedge positions to keep ETH within certain price bands before expiry.
โ In short: ETH is strong going into expiry, and if macro doesnโt spoil the party, $2,700 is in sight.
