$ETH Options Expiration: $4.3 billion worth of Bitcoin and Ethereum options expire, with Ethereum's maximum pain point at $3,100, exacerbating market volatility and downward pressure.

High Leverage Risk: Ethereum's leverage ratio has reached a historical high, making the market susceptible to severe price fluctuations and leading to large positions being forcibly liquidated.

Macroeconomic Headwinds: The Bank of Japan's anticipated interest rate hikes could negatively impact the overall cryptocurrency market, as previous rate increases have led to significant market declines.

ETHUSDT

Perp

3,090.5

-0.33%

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