Key Notes
- Call options dominate with 770 contracts at $2,500 and 647 at $2,450, indicating strong bullish sentiment among traders.
- Ethereum has reclaimed the 50-day EMA at $2,425 and is testing resistance near $2,520-$2,600 that could trigger a move to $2,800.
- Put interest remains limited with only 665 contracts at $2,425, suggesting minimal defensive positioning ahead of expiry.
Ethereum ETH $2 452 24h volatility: 0.2% Market cap: $295.92 B Vol. 24h: $14.89 B is drawing strong trader interest as the June 27 options expiry nears, with open interest piling up at key bullish strikes.
According to Deribit data, call options at the $2,500 and $2,450 levels now lead with 770 and 647 contracts, respectively, marking them as the most active bullish bets heading into expiry.
ETH option chain data | Source: Deribit
ETH price currently trades around $2,438, and the growing concentration near those levels suggests traders are positioning for a breakout. Implied volatility for at-the-money options is hovering around 47%, while the $2,500 strike carries a slightly elevated IV near 56.7%. This reflects expectations of short-term price movement and potential volatility spikes.
On the put side, open interest is thinner by comparison. The highest concentration appears at $2,425, where 665 contracts are open, and $2,450 with 217 contracts, forming a soft short-term support zone. Overall, positioning favors upside, with limited defensive hedging on the downside.
Speculative bets are also appearing at deep out-of-the-money strikes above $3,000, with some contracts showing implied volatility close to 999%.
Ethereum Eyes $2,800 After EMA Reclaim
ETHUSD price dynamics | Source: TradingView
Ethereum price recently bounced from the $2,220–$2,250 support area and reclaimed the 50-day EMA at $2,425 . Price is now compressing just under the $2,520–$2,600 resistance zone – an area that repeatedly rejected upside attempts throughout May and early June.
A close above this resistance could trigger a move toward $2,800 and possibly $3,100, aligning with historical supply zones and failed breakout levels . The daily RSI is currently flat near 47, while parabolic SAR dots have flipped below price for the first time in two weeks, suggesting a transition toward bullish momentum.
Volatility is expanding into expiry, with ETH price testing the median Bollinger Band around $2,518. If price breaks cleanly on volume, the next leg could aim for $2,793 or higher in the days following the expiry.
$ETH #Ethereum
Going to $10,000 this cycle
U heard it here first
👀 pic.twitter.com/Y1goc5BpKQ
— Crypto GEMs 📈🚀 (@cryptogems555) June 26, 2025
