Ethereum Derivatives Show Bullish Tilt as Futures Positions Shrink

Ethereum traded between $2,324 and $2,575 during the week, as derivatives data pointed to a bullish lean alongside signs of reduced futures positioning.

Outstanding futures exposure totaled $30.59 billion, though positions were contracting. In the options market, bullish positions represented nearly 62% of the outstanding total, according to Bitcoin.com News.

Short-term liquidation patterns favored traders holding long positions. However, differing signals across major options exchanges added uncertainty to the overall picture.