Ethereum traded above the $2,000 per coin range on Friday afternoon, as derivatives markets flashed a mix of caution and crowding across futures and options.
Futures open interest edged lower intraday while options data showed traders clustering around key strikes, setting the stage for potential price compression.
Key Insights
- Futures open interest edged lower intraday.
- Options data showed traders clustering around key strikes.
- Potential price compression is anticipated.
Ethereum Options Positioning Points to Compression Near Max
