Ethereum bulls are targeting 2,700 USD as options worth 2.4 billion USD expire on May 30. Should ETH exceed 2,600 USD, nearly all put options will become worthless, indicating bullish sentiment among traders.
Despite bullish trends, ETH’s growth potential is hindered by weak network activity and increasing competition among blockchain alternatives. Institutional interest in Ethereum ETFs remains strong, adding complexity to the price dynamics.
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