From Cointelegraph

June 10, 2025 6:28 pm:

Ether (ETH) price spiked 10% from Monday to Tuesday, hitting a 15-week high but struggling to break $2,800. ETH options open interest rose from $6.3B to $8.3B, with Deribit holding 72% market share. Strategies like short risk reversals and bear diagonal spreads are popular. Bulls eye June 27 options expiry favorably. Concerns arise over potential ETF approval for rival altcoins. Trump Media Group plans $2.5B Bitcoin treasury. White House hints at US Strategic Bitcoin Reserve details. ETH options show demand for downside protection, but bullish strategies dominate below $2,700 levels.

Read more at Cointelegraph: ETH Price Hits $2.8K But Options Traders are Bearish