Ethereum's $930 Million Options Expiry On Friday

Today could be a very important day. Options worth $930 million are set to expire. Investors are still bullish on Ethereum and there's a dominance of long positions over short positions. The majority of traders are expecting Ethereum's price to go even higher.

Up to 91% of options were opened at $2,400 and below. More than half of traders expect growth of Ethereum up to $2,880. This means that if Ethereum will cost at least $2,440 on Friday (now costs about $2750 at the time of writing so that means this achievement is clearly accomplished), most of the traders will end up in profit. From the bear's side, this fight is already lost. To take advantage of the bulls, they would need an unimaginable drop below $2,240.