The post Ethereum Price Eyes $2,800 Breakout as Call Options Dominate June 27 Expiry appeared on BitcoinEthereumNews.com.

Key Notes Call options dominate with 770 contracts at $2,500 and 647 at $2,450, indicating strong bullish sentiment among traders. Ethereum has reclaimed the 50-day EMA at $2,425 and is testing resistance near $2,520-$2,600 that could trigger a move to $2,800. Put interest remains limited with only 665 contracts at $2,425, suggesting minimal defensive positioning ahead of expiry. Ethereum ETH $2 426 24h volatility: 0.5% Market cap: $293.31 B Vol. 24h: $13.94 B is drawing strong trader interest as the June 27 options expiry nears, with open interest piling up at key bullish strikes. According to Deribit data, call options at the $2,500 and $2,450 levels now lead with 770 and 647 contracts, respectively, marking them as the most active bullish bets heading into expiry. ETH option chain data | Source: Deribit ETH price currently trades around $2,438, and the growing concentration near those levels suggests traders are positioning for a breakout. Implied volatility for at-the-money options is hovering around 47%, while the $2,500 strike carries a slightly elevated IV near 56.7%. This reflects expectations of short-term price movement and potential volatility spikes. On the put side, open interest is thinner by comparison. The highest concentration appears at $2,425, where 665 contracts are open, and $2,450 with 217 contracts, forming a soft short-term support zone. Overall, positioning favors upside, with limited defensive hedging on the downside. Speculative bets are also appearing at deep out-of-the-money strikes above $3,000, with some contracts showing implied volatility close to 999%. Ethereum Eyes $2,800 After EMA Reclaim ETHUSD price dynamics | Source: TradingView Ethereum price recently bounced from the $2,220–$2,250 support area and reclaimed the 50-day EMA at $2,425. Price is now compressing just under the $2,520–$2,600 resistance zone – an area that repeatedly rejected upside attempts throughout May and early June. A close above…

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Filed under: News - @ June 26, 2025 9:28 pm