Ethereum’s Battle at $2,750: $1.6 Billion Options Expiry Looms Amid Record Institutional Interest

Ethereum (ETH) is currently facing a critical resistance level at $2,750 as traders anticipate heightened volatility due to $1.64 billion in options contracts set to expire on Deribit. With 95% of put options at risk of expiring worthless, the market is closely watching whether ETH can break through this key barrier. The cryptocurrency is trading near $2,640 at press time, reflecting the ongoing struggle to sustain upward momentum. Notably, Deribit’s Ethereum open interest surged 130% in May to a record $6.3 billion, signaling robust institutional participation. This article explores the implications of the options expiry, resistance dynamics, and the growing institutional footprint in Ethereum’s derivatives market.

Ethereum Faces $2,750 Resistance Ahead of $1.6 Billion Options Expiry

Ether traders brace for volatility as $1.64 billion in options contracts approach expiration on Deribit, with 95% of put options at risk of expiring worthless. The second-largest cryptocurrency hovers NEAR $2,640, struggling to overcome the $2,750 resistance level that has repeatedly capped gains.

Deribit’s ethereum open interest surged 130% in May to a record $6.3 billion, reflecting growing institutional interest. The $3,000 strike price dominates positioning, suggesting bullish sentiment among sophisticated investors despite recent selling pressure.

Today’s expiry shows call options outweigh puts $897.8 million to $746.6 million. Technical indicators paint a mixed picture, with the $2,700 strike becoming a make-or-break level for short-term traders. Market makers anticipate increased volatility as gamma exposure shifts following the options settlement.

Why Arbitrum Net Inflows Are Soaring—Is $2 Price Target Next?

Arbitrum’s net inflows have quietly surpassed Ethereum and other major blockchains over the past month, signaling growing institutional and retail interest. The Layer 2 scaling solution’s rising traction suggests a bullish trajectory, with analysts eyeing a $2 price target for its native token.

Market participants who missed earlier opportunities are now reassessing ARB’s potential. The network’s ability to process transactions faster and cheaper than Ethereum mainnet continues to attract capital, creating a self-reinforcing cycle of adoption and liquidity.

Ethereum Price Faces Mild Correction as Support Levels Come Into Focus

Ethereum’s price has initiated a downward correction after failing to sustain momentum above the $2,780 resistance level. The second-largest cryptocurrency now trades below $2,650, with market participants closely monitoring key support zones that could determine its near-term trajectory.

The decline follows a recent recovery from the $2,550 support level that had briefly outperformed Bitcoin. ETH successfully breached the $2,650 and $2,750 resistance markers before encountering selling pressure. The subsequent pullback saw the price break below both the $2,700 support level and the 100-hourly Simple Moving Average.

Technical indicators show a bearish development with the breach of a crucial trend line at $2,625 on the ETH/USD hourly chart. The 50% Fibonacci retracement level of the recent upswing from $2,463 to $2,787 has also been compromised, suggesting weakening bullish momentum.

Ethereum ETF Inflows Surge to $71M as Institutional Interest Returns

Ethereum is reclaiming its position as a dominant force in the crypto market, with $71.3 million flowing into ETH ETFs in recent days. BlackRock led the charge, contributing $32.5 million alone—a clear signal of growing institutional confidence. The resurgence follows weeks of volatility, marking a potential turning point for ETH’s market trajectory.

On-chain metrics reinforce the bullish narrative. Ethereum now leads all networks in bridged net flows and stablecoin supply growth, suggesting renewed capital rotation into its ecosystem. This activity coincides with broader market shifts favoring altcoins with strong fundamentals.

The ETHA and FETH products are driving much of the institutional demand, with single-day inflows reaching $38.8 million on May 27th. While Fidelity and Franklin had previously pulled funds, the current accumulation pattern indicates a structural change in investor sentiment toward Ethereum’s long-term value proposition.