According to Crypto Rover, Ethereum (ETH) is experiencing a significant price pump, drawing heightened trading activity and increased volume on major exchanges (source: @rovercrc on Twitter, June 11, 2025). This upward momentum is attracting both institutional and retail traders, with on-chain data confirming a spike in active addresses and transaction fees, pointing to robust network usage (source: Etherscan.io). Traders are closely watching resistance levels near recent highs, as sustained bullish momentum could influence overall altcoin sentiment and potentially drive correlated assets higher. Immediate crypto market impact includes increased volatility and renewed attention to ETH derivatives, with options open interest rising (source: Coinglass).

According to Greeks.live, on May 23, 25,000 BTC options expired with a Put Call Ratio of 1.22, a Maxpain point at $104,000, and a total notional value of $2.81 billion. Additionally, 202,000 ETH options expired with a Put Call Ratio of 1.26, a Maxpain point of $2,450, and a notional value of $570 million. Traders should closely monitor these max pain levels as they can act as significant support or resistance zones in the coming sessions. The elevated Put Call Ratios indicate a slightly bearish sentiment, which could influence short-term volatility in both BTC and ETH. These expiry levels and open interest concentrations are likely to guide crypto price action and may affect liquidity and trading strategies in the immediate term (source: Greeks.live).

According to Crypto Rover, $8 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, a development expected to trigger significant price volatility in both assets (source: Crypto Rover on Twitter, April 25, 2025). Traders should anticipate increased market swings as large options expiries often lead to sharp price movements and liquidity shifts. Monitoring support and resistance zones in BTC and ETH is crucial, as high open interest and imminent expiry can amplify both upward and downward moves (source: Deribit, CME Group historical data).