Ethereum holds near $2,700 as derivatives activity cools
- —Ethereum futures open interest dropped to 12.71 million ETH, down about 500K ETH in four days
- —In USD terms OI sits near $34.5 billion, the same as May, though prices are 15% higher
- —Net Taker Volume has stayed negative since early September and the Taker Buy Sell Ratio slipped below 1
- —Options on 789,000 ETH worth $2.1 billion expire Friday, 40% of ETH options open interest, max pain $2,380
Why it matters: Falling leverage and a large quarterly options expiry could drive short-term volatility in ETH around $2,700.
Source: FXStreet Crypto