Ethereum price under pressure as $6B options expiry nears

Ethereum is experiencing increased pressure as the $6 billion options expiry approaches, indicating investor caution. Options data reveals that investors are enhancing downside protection, suggesting an aversion to risk in the current market environment. The significant amount of options expiring can lead to volatility as traders adjust their positions or take defensive strategies, affecting Ethereum’s price performance in the near term. Investors are often hesitant to take new positions during such critical events. This behavior can lead to a temporary stall or decline in the asset's price as traders await further clarity on market direction following the expiry.