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Ethereum options show bullish bias with open interest down to $4.33B, signaling cautious optimism.

Market News
08 Aug 2026
Tokenpost
View Source
Bullish
Ethereum options show bullish bias with open interest down to $4.33B, signaling cautious optimism.

Ethereum options traders maintain a bullish stance with call options making up 61.75% of open interest, despite a 5.64% drop in total open interest to $4.33 billion. This decline suggests traders are reducing risk and taking profits rather than turning bearish. Long-dated call options at higher strike prices indicate optimism for higher ETH prices later in 2026, while near-term trading focuses on strikes close to current prices. The market shows a cautious but constructive outlook, balancing upside potential with hedging against volatility until clearer catalysts emerge.

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