The post Ethereum Options Expiry Shows Risks Below $2,900 appeared on BitcoinEthereumNews.com.

Ether (ETH) has been unable to sustain prices above $3,400 for the past 40 days, raising concerns among traders that bears may remain in control for longer. Key takeaways: $6B in Ether options will expire on Friday, with call (buy) bets outnumbering put (sell) instruments by 2.2 times. Bears hold the advantage unless ETH price breaks $3,100. The $6 billion ETH options expiry on Friday may add further pressure, as bulls had anticipated year-end prices of $4,000 or higher before the 28% crash in November. Ether’s price at 8:00 am UTC on Friday will determine whether bears retain control, despite call options outnumbering put instruments by a factor of 2.2. Aggregate Friday ETH call options open interest, USD. Source: laevitas.ch Deribit accounts for 70% of total open interest, followed by the Chicago-based CME with 20%. However, most of the $4.1 billion in call options are set to expire worthless on Friday, as traders concentrated bullish bets on year-end Ether prices between $3,500 and $5,000. Less than 15% of aggregate call options were positioned at $3,000 or lower. Related: Trend Research quietly becomes one of Ethereum’s largest whales with 46K ETH buy Even excluding overly optimistic calls at $5,000 and above, which likely carried limited cost to buyers, data shows that fewer than 25% of these instruments were placed below $3,200. Traders often sell covered calls at $8,000 and $10,000 year-end strikes with no realistic expectation of reaching those levels. While bulls were overly confident that Ether would reclaim $3,400 by year-end, bearish strategies may also have gone too far by clustering bets between $2,200 and $2,900. If Ether trades above $2,950 on Friday, more than 60% of the $1.9 billion in aggregate put options will expire worthless. Even so, bearish positions remain better placed as long as ETH stays below…

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Filed under: News - @ December 25, 2025 2:24 am