This month’s Ethereum options expiry suggests ETH’s upside is limited.

[Malam90]

Ethereum price has been in an uptrend since the start of the year but key options indicators suggest overcoming the $2,000 level will be a challenge.

To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin's short-term performance.

The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply over-optimistic about Ether's odds?
Even though the effective price for the right to acquire Ether at a fixed price on March 26 is much lower, these options cost buyers at least $2 million. If Ether fails to increase by 25% from the current $1,808 price in two weeks, these $2,240 call options will be completely worthless. Source Link