8/27 ETH Summary
Today, ETH continued its recent strength, standing at $2,521 as of early morning, up approximately 2.96% over 24 hours, with an intraday range of $2,436–$2,560, overall remaining near recent highs.
The core drivers came from two factors: first, at 16:00 today, Deribit will see the concentrated expiration of ETH options with a notional value of approximately $846 million, with implied volatility as high as 45.78%; price volatility may intensify before and after expiration. Second, at 22:00 tonight, Fed Chair Warsh will deliver his first speech at Jackson Hole, and the market is
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