Main takeout:
If 97%of the ETH PUT options have more than $ 2,600, it will be useless.
The optimistic ETH price results can be limited by macroeconomic factors and transaction strategies that benefit ether.
On May 30, the Ether (Ether) option will expire $ 2.4 billion, which is an event that can support ETH’s attempts over $ 2,700 for the first time over three months. Despite its recent profits, Ether decreased 21% in 2025, while the larger cryptocurrency market increased by 5%.
The ether bulls motivate ETH to maintain more than $ 2,600 than the monthly expiration. However, Ether Lee’s weak network activities suggest that the potential of ascending potential may be limited.
The analysts believe that the competition of blockchains, which focuses on the application of Ether’s low performance, is intensifying. Nevertheless, ETH has the main advantage as the only Altcoin provided by Spot Exchange Traded (ETF) in the United States. The ETF has attracted the interest of institutional investors by attracting $ 227 million in the net inflow between May 19 and May.
Even if the demand for ether -based investment products increased, the deposits and onchain activities of Ether Leeum network decreased. This trend is especially a problem because rivals such as Solana, BNB Chain and TRON continue to gain market share. Ether Lee is no longer one of the top 10 protocols in terms of fees, creating a supply imbalance that contributes to the inflation pressure on ETH.
Options with more than $ 2,600
The $ 1.3 billion currency option dominates the expiration of May 30, but it does not mean that the traders will reinvest the profits from the new strength. Many options strategies include multiple maturity and do not receive benefits due to ETH rise above certain thresholds. Traders can also hedge exposure through the futures market.
The $ 1.1 billion of the PUT (SELL) options were set at less than $ 2,600, so the security guard was clearly caught. This contract is an unnecessary expiration by raising the ETH level at 8:00 am on May 30. This imbalance is abnormal, but similar results are more than $ 2,800, which can affect too optimistic call options if ETH is close to the current level.
relevant: SHARPLINK launches the Etherrium Treasury, and taps Joe Rubin to the board of directors.
The following are four scenarios based on the current price trend. These results estimate theoretical interests based on disclosure interest imbalances and do not explain complex strategies.
$ 2,300 to $ 2,500: PUTS (SELL) ‘s $ 220 million to $ 420 million. Pure results prefer a call instrument for $ 200 million.
$ 2,500 to $ 2,600: $ 500 million phone vs. I prefer $ 130 million and $ 370 million.
$ 2,600 to $ 2,700: A $ 590 million call vs. It is $ 35 million.
$ 2,700 to $ 2,900: $ 770 million call vs. I prefer $ 10 million, $ 770 million.
The bulls are strongly incentives after $ 2,700 for ETH, but the wider context can ignore that effort. Considering the strong correlation between cryptocurrencies and S & P 500, macroeconomic indicators and corporate income may remain the main forces that form investor risk appetite, ultimately the price of ETH at the time of monthly expiration.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.