Ethereum Faces Uncertainty as $2.49 Billion in October Options Expire: Is a Price Rebound on the Horizon?

Ethereum is at a critical juncture as over 646,902 contracts worth $2.49 billion in October options are set to expire, creating potential volatility. The current put-to-call ratio of 1.25 indicates a bearish tilt among traders, with significant call open interest suggesting hedging strategies. Ethereum's max pain price sits near $4,100, potentially pulling prices toward this level. After a recent dip near $3,670, ETH shows signs of stabilization around $3,800 with technical analysis indicating a possible bullish reversal if key resistance levels are maintained. Additionally, the potential rally could benefit Ethereum-based tokens, with innovative presale projects like Pepenode gaining momentum. Continue to read Ethereum Faces Uncertainty as $2.49 Billion in October Options Expire: Is a Price Rebound on the Horizon?