Is $5K ETH Coming After Friday’s $5B Ether Options Expiry? Here’s the Scoop!

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Key Takeaways:

  • Traders are all hyped about bullish strategies in the $5 billion Ether options expiry, with hopes that prices might just soar.

  • Neutral-to-bearish strategies? Yeah, they kind of flopped below $4,600, leaving traders scrambling when Ether made a surprise rally in August.

So here we are, folks-the $5 billion Ether (ETH) options expiry happening this Friday might just be the turning point for the crypto world. With a nice 22% gain in ETH price over the past month, the stars are aligning for Ether to push past the $5,000 mark. But of course, all eyes are on Nvidia’s earnings this Wednesday… because why not throw in some stock market drama to keep things spicy, right?

Ether is now sitting pretty at a $557 billion market cap, making it one of the top 30 tradable assets-yes, ahead of old school giants like Mastercard and Exxon Mobil. Is it like a stock? Eh, maybe, but don’t tell that to the crypto purists. With an 80% correlation to the S&P 500, traders often treat Ether with the same risk assessment they’d give the stock market. It’s all about those risk vibes.

Oh, and about that 80% correlation with the S&P 500-it’s like Ether’s been shadowing the market for the past while, except for that little rebellious two-week period in late July. Don’t worry though, the AI-driven stock surge has given some hope for Ether traders to keep their eyes glued to earnings reports-because why have one market trend when you can have two?

Speaking of which, Ether’s call (buy) options are stacking up with a hefty $2.75 billion in open interest, outpacing the put (sell) contracts by 22%. The outcome of this expiry is entirely dependent on ETH’s price at 8:00 am UTC on Friday, so yeah, no pressure.

Uh-Oh, Ether Bears Got Caught With Their Pants Down at $4K

If you were a bear betting on ETH staying under $4,000 earlier this month, well… you’re probably not having the best time right now. Most of those bearish positions got completely wiped out as Ether took off on an August rally. But don’t worry, the bulls are still looking good ahead of the $5 billion monthly expiry, so there’s still hope!

Only 6% of ETH put options were placed above $4,600, which means most of the bearish strategies ended up being a waste of time and money. On the other hand, 71% of call options were at $4,600 or lower-yeah, looks like the bulls are still in control, for now. So, unless something catastrophic happens (looking at you, global markets), expect more bullish action as we approach the expiry.

Here’s a rundown of potential scenarios at Deribit, assuming you’re into theoretical profits based on open interest imbalances:

  • Between $4,050 and $4,350: $820 million calls vs. $260 million puts. Looks like calls are up by $560 million.

  • Between $4,350 and $4,550: $1.05 billion calls vs. $140 million puts. Calls take the lead by $915 million.

  • Between $4,550 and $4,850: $1.4 billion calls vs. $45 million puts. It’s calls by $1.35 billion.

  • Between $4,850 and $5,200: $1.82 billion calls vs. $2 million puts. Calls lead by a staggering $1.8 billion.

Looks like the bulls are gonna walk away from this expiry feeling pretty darn good about themselves-even if ETH dips back to $4,400. Is a $5,000 ETH coming soon? Maybe. But don’t blame me if it all hinges on Nvidia’s earnings and global economic chaos. It’s a real nail-biter!

Just FYI, this article is for general info only, not financial or legal advice. So if you lose your shirt on this, don’t come crying to me. These are the views of the author, not CryptoMoon, so relax.

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2025-08-27 22:16