Most necessary snack:
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97% of the ETH put options expire worthless if the ETH applies to USD $ 2,600.
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A bullish ETH price result may very well be limited by macroeconomic aspects and trade strategies that limit ether wins.
On May thirtieth, $ 2.4 billion ether (Eth) options will expire -an event that might support the ETH try and interrupt the two,700 US dollar mark for the primary time in over three months. Despite the youngest growth, Ether fell by 21% in 2025, while the broader cryptocurrency market rose by 5%.
Etherbulls are motivated to maintain ETH over 2,600 US dollars before the monthly process. However, weak network activity in Ethereum suggests that the upward potential will be limited.
Ether/USD (blue) against overall crypto capitalization (green). Source: Tradingview / Cintelegraph
Analysts consider that ether underperformance relies on increasing competition between blockchains that give attention to decentralized applications. Nevertheless, ETH has a vital advantage because the only old coin with a Spot Exchange Fund (ETF) within the United States. Between May 19 and May 27, these ETFs raised 287 million US dollars for the online inflows, which reflected the increasing interests of institutional investors.
Even if the demand for ether-based investment products is growing, deposits and onchain activities have decreased within the Ethereum network. This trend is especially worrying because competitors corresponding to Solana, BNB Chain and Tron proceed to win market shares. Ethereum is not any longer one among the ten best protocols by way of fees, which results in an imbalance of the offer that contributes to inflation pressure on ETH.
Sell ​​options (PUT) which can be poorly prepared for ETH prices over $ 2,600
Even if the choices for CAP (purchase) of 1.3 billion US dollars dominate the strategy of May 30, this doesn’t necessarily mean that these retailers will reinvest the proceeds in latest bullish positions. Many option strategies contain several terms and are structured in a way that doesn’t profit from ETH to the brink values. In addition, retailers can secure their commitment to futures markets.
The PUT options of 1.1 billion US dollars were clearly unprepared because 97% were $ 2,600 or lower. These contracts expire worthless if the ETH stops on this level on May thirtieth at 8:00 a.m. UTC. While this imbalance is unusual, an analogous result can influence the excessively optimistic call options with the strike prices at $ 2,800 and more if the ETH stays near the present level.
Below one can find 4 probable scenarios based on current price trends. These results appreciate theoretical profits based on imbalances with open interest and don’t have in mind complex strategies.
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Between 2,300 and a pair of,500 US dollars: Calls of $ 420 million (buy) in comparison with PUTS (sell) of 220 million US dollars. The net result favors the decision instruments by 200 million US dollars.
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Between 2,500 and a pair of,600 US dollars: 500 million US dollar calls in comparison with 130 million US dollars PUT, prefer calls for $ 370 million.
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Between 2,600 and a pair of,700 US dollars: 590 million US dollar calls in comparison with 35 million US dollars, which prefer calls for $ 555 million.
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Between 2,700 and a pair of,900 US dollars: 780 million US dollar calls in comparison with 10 million US dollars PUT, prefer calls for $ 770 million.
Bulls are strongly stimulated to exceed ETH over 2,700 US dollars, but the broader context can override these efforts. In view of the strong correlation between cryptocurrencies and S&P 500, macroeconomic indicators and company results are more likely to remain the primary forces that shape the appetite of the investorisics – and ultimately the ETH price on the time of the monthly options.
This article serves general information purposes and mustn’t be considered legal or investment advice. The views, thoughts and opinions which can be expressed listed here are solely that of the writer and don’t necessarily reflect the views and opinions of cointelegraph or don’t necessarily represent them.
