Ethereum Options Expiry Triggers Positioning Reset Concerns

As roughly $3 billion in crypto options expire on Deribit, Ethereum is consolidating within its weekly range. Over $400 million of this total involves ETH contracts, creating a possible positioning reset near the lower boundary.

The settlement has left some wondering if Ethereum will fall below support before recovering toward its weekly high. At the time of writing, ETH was trading at $2,466.60, down by 0.55% over 24 hours with a trading volume reaching $17.6 billion.

Ethereum's put-to-call ratio reached 0.89 compared to Bitcoin's 0.76, showing a higher proportion of puts relative to calls. This comparison suggests relatively cautious ETH positioning, although calls still outnumbered puts.