$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.
{future}(ETHUSDT)