Ethereum Flashes Reversal Setup While Bitcoin and Ethereum Face $5 Billion Options Expiry
Ethereum Flashes Reversal Setup While Bitcoin and Ethereum Face $5 Billion Options Expiry
Ethereum is currently showing a potential reversal pattern on its daily chart, though significant holders are still reducing their exposure, indicating a crucial juncture for its price. Simultaneously, nearly $5 billion in Bitcoin and Ethereum options are set to expire today on Deribit, a situation expected to trigger significant short-term volatility and potentially drive BTC and ETH prices towards key strike levels.
Ethereum is flashing a clean reversal setup on the daily chart, but major holders are still reducing exposure. One key zone now decides whether the bullish pattern expands or fails.
Nearly $5 billion in Bitcoin and Ethereum options expire today on Deribit, setting the stage for significant short-term volatility. Max pain levels, put/call ratios, and rising open interest suggest BTC and ETH may gravitate toward key strike prices.