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Ethereum options show bullish bias amid rising short-term downside hedging with heavy put buying.

Market News
17 Jun 2026
Tokenpost
View Source
Bullish
pluang ai news

Ethereum's options market remains bullish with call contracts dominating open interest at nearly 60%, signaling medium-term upside expectations. However, traders are increasingly buying puts, especially the $1,200 strike expiring June 19, to hedge against short-term downside risks. Total open interest rose slightly to $6.08 billion, with high trading volumes on platforms like Bybit and Binance. This mix of bullish positioning and active downside protection suggests traders are optimistic about Ethereum's recovery later in the year but remain cautious about near-term volatility.

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