$ETH Imminent $6B Options Cliff – Is This The Bottom? 🚨
Ether has been battling the $3,400 level for over 40 days, and the clock is ticking. This Friday, a massive $6 billion in ETH options expires, adding serious pressure. Remember that 28% correction in November? Bulls were aiming for $4,000… now it’s about survival.
Currently, call options lead put options 2.2 to 1, but here’s the catch: most calls are way out of reach ($3,500-$5,000!). A strong rebound is needed, or they expire worthless. Bears are patiently waiting in the $2,200-$2,900 range.
$3,100 is the key level to watch. If $ETH can hold above $2,950, a lot of put options become useless. But as long as it stays below $3,200, bears are in control. Macro uncertainty isn’t helping either. 📉
#Ethereum #CryptoOptions #ETH #MarketAnalysis 🐻
