Ethereum (ETH) options markets showed a renewed tilt toward bullish positioning on Wednesday, with open interest climbing and call options taking a clear majority share—signaling that traders are increasingly paying for upside exposure even as short-dated flows concentrate around higher strike levels. As of 00:00 UTC on April 2, aggregated data from Coinglass put total Ethereum options open interest (OI) at $6.34 billion, up about 3.9% from $6.10 billion a day earlier.
Ethereum price started a steady recovery wave above $2,050. ETH is now struggling to clear $2,150 and might trim some gains in the near term.
Ethereum faces a potential short squeeze as $35.6M in 20x leveraged ETH shorts on Hyperliquid stack up near key resistance and liquidation levels.
Ethereum breakout strengthens as whale shorts build pressure, setting up a potential squeeze-driven move higher.
After months of sustained selling pressure, Ethereum appears to be entering a phase of structural recovery. A rising support trendline forming through March reveals a pattern of higher lows a meaningful shift after an extended period of lower highs.
Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset's next major directional move is based on a single price level: one that, if broken, would invalidate years of macro analysis and cause a price collapse to as low as $900. The Count That Has Held For A Year According to an analyst known as The Penguin, Ethereum's current price behavior fits into a broader Elliott Wave structure that has been developing for years.
In recent hours, the Ethereum ecosystem has shown unprecedented strength. Activity on the network of the second-largest cryptocurrency remains near its all-time highs, positioning it as the preferred platform for decentralized finance (DeFi) and the digital economy. Sustained growth in wallet creation acts as a leading indicator of demand.
Drift exploit suspect swaps $270M in stolen assets, bridges funds to Ethereum, and buys $82.7M in ETH as Drift warns users funds remain at risk.
Ethereum remains range-bound until stronger demand confirms a sustained move.
Ethereum Economic Zone launches at EthCC 2026 to unify L2 networks, restore composability, and reduce ecosystem fragmentation.
EthCC 2026 has shifted decisively from a builders' retreat to an institutional showcase, as this year's edition in Cannes hosts the inaugural “Agora” forum curated by market data provider Kaiko for more than 60 expert speakers and roughly 600 TradFi
Tether (USDT) wallets on the Ethereum blockchain have experienced a sharp decline over the past 48 hours. Within this period, Tether wallets declined by 72,841, marking a 0.54% drop.