Ether Options Market Shows Bullish Sentiment with Focus on February Expiry

The Ether options market indicates a bullish outlook, with over 70% of open interest in call contracts as of February 16, suggesting traders anticipate medium-term growth. According to Nansen's research analyst Nicolai Sondergaard, the market leans bullish, particularly around $3,000-$4,000 strikes, with focus on February and March expirations. Despite this optimism, some large investors are hedging with puts, indicating awareness of downside risks. Ether has traded nearly flat over the past week and is down over 21% on the monthly chart. ETH needs to hold above the $2,600 support to avoid more downside liquidity.