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Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today?

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Today’s Ethereum value prediction exhibits that ETH price is about to dump additional as over 646,902 contracts totaling $2.49 billion in Ethereum October choices are set to expire.

Options expirations of this scale typically lead to short-term value swings as merchants shut or alter their positions forward of settlement.

Data from derivatives analytics platforms exhibits that Ethereum’s present put-to-call ratio stands at 1.25, reflecting a better variety of bearish bets (places) relative to bullish bets (calls).

$2.49 Billion in ETH Options Expire Today As Bearish Bets Outnumber Bulls 1.25 to 1

Call open curiosity stands at 381,462 contracts, surpassing the put open curiosity of 265,440.

This heavy name aspect suggests {that a} appreciable share of merchants are both positioning for draw back motion or hedging in opposition to potential value declines in the close to time period.

According to Deribit, Ethereum’s max ache sits across the $4,100 mark regardless of the improved macro sentiment following present occasions.

Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today?
Source: Deribit

“ETH positioning leans cautious, with places outweighing calls. The measurement of this expiry amplifies potential strikes, however macro and coverage dangers nonetheless cap conviction,” they added.

The max ache stage, the worth level the place the best variety of choice holders would incur losses, traditionally sees costs gravitate towards it as expiry approaches, because it minimizes losses for market makers and choice sellers.

With ETH attempting to discover a footing round $3,800 at press time after a flash dump to the $3,670 zone, a brief squeeze or post-expiry rally seems to be underway, which may cushion the impact of the October choices about to expire.

Ethereum value prediction: Descending Channel Breakout Target $4,160

On the technical entrance, the Ethereum (ETH/USD) 1-hour chart exhibits a transparent rebound from a powerful help stage round $3,780 after a sustained downtrend marked by a descending channel.

The chart highlights a breakout try above the higher trendline resistance, suggesting a possible shift in momentum from bearish to bullish.

Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today?
Source: TradingView

If Ethereum efficiently holds above the $3,880–$3,900 zone, it may affirm a reversal sample with targets at $3,971.7, $4,065.7, and finally $4,160.4, as indicated on the chart.

The stepwise projection implies a possible rally fueled by short-term accumulation close to the help base.

However, if the worth fails to maintain above the breakout zone, ETH would possibly retest the decrease help round $3,500 earlier than gathering sufficient energy for an upward continuation.

Smart Money Rotates Into Ethereum Presale As Pepenode Raises $2M in Weeks

An Ethereum rally means ERC-20 tokens will profit from liquidity rotation, and sensible buyers are already positioning for this chance by stacking tokens of Ethereum-based tasks presently in their presale section.

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The publish Ethereum Price Prediction: Is ETH About to Dump as Millions in October Options Positions Expire Today? appeared first on Cryptonews.

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