Ether (ETH) faces downside tail risk in the coming days, according to Ethereum derivative metrics analyzed by Nansen.
The ETH options market still has a bullish bias, but the significant call-side positioning appears increasingly at risk, indicating potential for further volatility.
The key support levels at $2,200-$2,300 are under pressure, with the current price of ETH around $2,200.
Ethereum's future structure shows bearish signs, with the $2,500 level changing from potential support to immediate resistance.