$400M ETH Options Expiration Triggers Liquidity Sweep Fears

Ethereum is facing a potential liquidity sweep as over $400 million in ETH options expired at the time of writing. This has created a possibility that Ethereum could fall below support before recovering toward its weekly high.

The price of Ethereum currently sits at $2,466.60, down by 0.55% over 24 hours with trading volume reaching $17.6 billion. It is trading $26.60 above the weekly low and $68.40 below resistance.

The put-to-call ratio on Deribit stands at 0.89, indicating a cautious positioning among traders.