Key takeaways:
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97% of ETH put options will expire worthless if ETH holds above $2,600.
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A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains.
On May 30, $2.4 billion in Ether ETHUSD options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months. Despite the recent gains, Ether is down 21% in 2025, while the broader cryptocurrency market has seen a 5% increase.
Ether bulls are motivated to keep ETH above $2,600 ahead of the monthly expiry. However, weak network activity on Ethereum suggests that the upside potential may be limited.
Analysts believe Ether’s underperformance stems from rising competition among blockchains focused on decentralized applications. Still, ETH holds a key advantage as the only altcoin with a spot exchange-traded fund (ETF) offering in the United States. These ETFs attracted $287…
