November 9 $ETH
Market update: ETH has fallen below 2,100, and the downtrend continues. The rebound has been weakening over the past two days, with no meaningful counterattack. It has now fallen further below 2,100, reaching a new low since mid-August.
Today, 52,100 ETH options expire, with a notional value of approximately $110 million, a Put/Call ratio of 1.27, and a max pain level of 2,220. Meanwhile, 8,591 BTC options expire, with a notional value of approximately $637 million and a max pain level of 75,500. The largest batch of options this month expires on November 27: 72,800 BTC options, with a notional value of $5.401 billion and a current max pain level of 80,000.
Near-term support is in the 2,060–2,020 range; if this level gives way, the next support is around 1,870. The first resistance above is 2,145, with a strong resistance zone at 2,200–2,220.
Market update: ETH has fallen below 2,100, and the downtrend continues. The rebound has been weakening over the past two days, with no meaningful counterattack. It has now fallen further below 2,100, reaching a new low since mid-August.
Today, 52,100 ETH options expire, with a notional value of approximately $110 million, a Put/Call ratio of 1.27, and a max pain level of 2,220. Meanwhile, 8,591 BTC options expire, with a notional value of approximately $637 million and a max pain level of 75,500. The largest batch of options this month expires on November 27: 72,800 BTC options, with a notional value of $5.401 billion and a current max pain level of 80,000.
Near-term support is in the 2,060–2,020 range; if this level gives way, the next support is around 1,870. The first resistance above is 2,145, with a strong resistance zone at 2,200–2,220.
