ETH Put Option Oversupply Pressure
If ether's price remains around $2,000, it may face downward pressure due to oversupply from in-the-money put options.
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"Traders are now pricing in a 71% chance that Ethereum drops all the way down to $1,500 before making any kind of comeback."
"It is important to note that the transfer has arrived at a time when Ethereum has continued to flash bearish signals. The asset has continued to struggle to hold support around $2,000 amid the prolonged market volatility."
"A decisive breakdown below $2,050 could trigger a fresh wave of forced long liquidations as overleveraged traders begin exiting positions simultaneously."
"As declining momentum increases the possibility of an early breakdown below the psychologically significant $2,000 level, Ethereum is once again approaching a crucial support zone."
"Deribit highlighted that ETH open interest data shows outsized purchases of May 29 $2100 puts. This might trigger selloffs in ETH in the coming days, saying 'alarm bells might ring.'"
"In case Ethereum price falls below $1,900, the other possible support might be at around the $1,800 level."
"Nonetheless, a mood decline once more will push Ethereum under $3,000, and it will test a lower support at the $2,900 level."
"On the downside, risk becomes clear if Ethereum loses $2,700 on a daily close."
"If price loses the POC and VAL, a move toward $2,500 becomes increasingly likely to complete the ABCD correction."
"In a Myriad prediction market run by Dastan, over 76% of respondents forecast that Ethereum could drop to $2,500 in its next major move."