Ethereum Under Pressure: Derivatives Event Could Determine Market Direction

An upcoming expiration of derivatives contracts is shaking the crypto market, with over $1.2 billion in leveraged positions vanishing and impacting the overall value of crypto assets by nearly $200 billion. This development has sparked a high-stakes debate about whether the market will stabilize or plunge further into correction. Analysts are closely watching the potential impact of this derivatives event on Ethereum’s price.