Ethereum price prediction: 322,586 ETH expire on October 30, what investors need to know

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: on October 30, 322,586 ETH options expire on the derivatives exchange Deribit, 21.1 percent of total open interest and around $777 million at $2,407.76. What the date means for the levels between $2,300 and $2,600, for leveraged positions and for the German one-year deadline.Here is what is documented: on Friday, October 30, 322,586 Ethereum options expire on the derivatives exchange Deribit. That is 21.1 percent of all open ETH contracts held there and, at a price of $2,407.76 on Friday evening, roughly $777 million. The figures come from our own analysis of public Deribit data from October 23. Our assessment follows further below: the mountain of call options at $2,600 is a bet on a recovery that the spot market is not delivering so far. Where the price can point over a horizon of months is set out in our Ethereum price prediction. 322,586 ETH on October 30: the largest expiry of the month An option is a contract that gives its buyer the right to buy or sell ETH at a...