Things are heating up in Ethereum (ETH): Who will win the battle?

Ethereum (ETH) trading at a critical level is facing a $2.8 billion options threat.

ETH is trying to stay above the $2,600 resistance level after a 15.1% increase between September 18 and 23. The latest macroeconomic data showing a weakening economy has led to a rise in the stock market and increased demand for short-term government bonds. Along with this development, investors are focusing on the monthly Ether options worth $2.78 billion, which will expire on September 27, and this data, which is important for the altcoin market, seems to affect short-term trends.

What is the current situation in Ethereum (ETH) options?

Options that affect the price movement of the relevant cryptocurrency have become important for Ethereum. The leader of altcoins, which has been suppressed by Bitcoin for a while, has not been able to show the expected performance. However, various factors, including options, can reverse this situation.

There are four most likely scenarios based on Ether price trends. These predictions assume that the selling options represent bearish positions, while the call options are compatible with neutral-bullish strategies. However, it is important to note that this is a simplification and does not take into account more complex investment approaches.

• Between 2,400 and 2,500 dollars: The result will be in favor of put (sale) options for 225 million dollars.
• Between 2,500 and 2,600 dollars: The result will support put options with an additional 100 million dollars.
• Between $2,600 and $2,700: The balance is changing, purchasing options gain an advantage of approximately $70 million.
• Between 2,700-2,800 Dollars: The scenario supports call options, resulting in a net benefit of 220 million dollars in favor of these options.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk and readers should conduct their own research when making a decision.