The price of Ether #ETH rose 10% between Monday and Tuesday, reaching its highest level in over 15 weeks. Despite this surge, ETH has consistently struggled to surpass the $2,800 mark over the past month. This resistance level has coincided with a growing use of downside protection strategies in the ETH derivatives markets. In addition to standard call and put options, traders often use combinations of instruments to design strategies aimed at maximizing profits above certain levels or reducing exposure to losses. Therefore, monitoring the demand for these options provides insights into how professional traders are positioning themselves.