Ethereum price under pressure as $6B options expiry nears

ETH options data shows investors increasing downside protection as the year-end $6 billion options expry approaches, signaling caution.

Ether (ETH) has been unable to sustain prices above $3,400 for the past 40 days, raising concerns among traders that bears may remain in control for longer.

Key takeaways:

$6B in Ether options will expire on Dec. 26, with call (buy) bets outnumbering put (sell) instruments by 2.2 times.

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