Hey guys, vacationโs over โ time to get back behind the screen and into the reports. Naturally, I kicked things off with a deep dive into ETH options activity , because thatโs where the real market whispers come from.
Hereโs what stood out:
Over the past week, the biggest trading volume and open interest inflow came at strikes $3000โ$3200โ$3400 (see screenshot). Most of the action was in standalone calls , though a portion showed up as call spreads โ meaning some players are betting on a controlled rally, not just blind bullishness.
The June 27, 2025 expiry remains the clear leader in open interest โ still the date everyoneโs watching.
With implied volatility at 67.9% , ETH has about a 68% probability (1ฯ) of reaching $2,950 by expiry โ just 18 days away .
Key Takeaways:
$3000โ$3200 looks totally within reach.
$3400 , though? Less than 15% chance based on current levels.
The sentiment among options traders is clearly bullish โ theyโre positioning for a breakout up from the sideways range, roughly by the full width of the pattern.