Ether (ETH) Faces Pressure Ahead of $6B Options Expiry on Dec 26
- Price Stagnation: Ether has failed to maintain prices above $3,400 for the past 40 days, raising concerns among traders that bears may continue to dominate the market, negatively impacting investor confidence.
- Options Expiry Pressure: A total of $6 billion in Ether options will expire on December 26, with call options outnumbering puts by a factor of 2.2, potentially exacerbating market volatility, especially if prices do not break above $3,100.
- Market Expectation Imbalance: Despite traders' optimistic year-end price expectations concentrated between $3,500 and $5,000, most of the $4.1 billion in call options are likely to expire worthless, reflecting the fragility of market confidence.
- Key Support Level: If Ether trades above $2,950 on Friday, over 60% of the $1.9 billion in put options will expire worthless; however, as long as prices remain below $3,200, bears will maintain an advantage, potentially leading to further deterioration in investor sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 731.423 | 1239.611 | 1698.263 | 2206.451 | 2665.103 | 3173.291 | 3631.943 |
| Fibonacci | 1239.611 | 1608.944 | 1837.118 | 2206.451 | 2575.784 | 2803.958 | 3173.291 |
About ETH
About the author
