$3,100 Key Level for ETH Bulls

[johnblockbuster]

Ether bulls have a critical threshold at $3,100. Options data shows: below $2,900 favors puts by $580M, $2,901–$3,000 favors puts by $440M, $3,101–$3,200 yields a balanced outcome, and $3,201–$3,300 favors calls by $150M.

Investor sentiment has been impacted by weaker AI chip prospects in the US, driving hedging activity. A breakout above $3,100 on Friday could reduce bearish pressure and distance ETH from December lows around $2,775.