Binance: Opens ETH Options Trading Cup

Binance launched the Options Trading Cup, letting traders accumulate ETH options volume for a share of the 25,000 USDT prize pool with the top 250 users claiming leaderboard spots.

ETH price sits at $2703.21 inside a bullish structure where the EMA50 at $2680.64 and EMA200 at $2542.05 act as layered support. Momentum shows a MACD golden cross at 3.81 while RSI at 53.23 remains neutral, and price tests the upper Bollinger band resistance at $2724.16 with lower support at $2656.07. This confluence points to a potential healthy pullback toward the 50-EMA before continuation higher as volume builds in the competition.