Ether Options Expiration Could Drive Price Movement in Ethereum Market

The upcoming expiration of $2.4 billion worth of Ether options on May 30th is expected to significantly impact Ethereum’s price movement, according to Cointelegraph. Analysts believe this event could push ETH past the $2,700 mark for the first time in over three months, despite recent gains and a notable decline in Ether’s performance compared to the broader crypto market. Though traders are eyeing a sustained ETH price above $2,600 ahead of the expiry date, weak network activity on Ethereum suggests that upward movement may be limited.