From Cointelegraph

May 28, 2025 6:20:00 pm:

• 97% of ETH put options will expire worthless if ETH holds above $2,600.
• $2.4 billion in Ether (ETH) options will expire on May 30, potentially supporting ETH breaking above $2,700.
• Ether is down 21% in 2025, while the broader cryptocurrency market has seen a 5% increase.
• Ether bulls aim to keep ETH above $2,600, but weak network activity may limit upside potential.
• Ether’s underperformance is attributed to rising competition from other blockchains, despite being the only altcoin with a spot ETF in the US.
• $1.3 billion in call options dominate the May 30 expiry, but traders may not reinvest in new bullish positions.
• $1.1 billion in put options with 97% set at $2,600 or lower will expire worthless if ETH holds above that level.
• Bulls are incentivized to push ETH past $2,700, but macroeconomic factors may override these efforts.

Read more at Cointelegraph: Ethereum’s $2.4 billion options expiry could spark a rally