According to Deribit's data, the term structure of open positions for Ethereum options shows a concentration of call options expiring at the end of June, including over 617,000 contracts with a nominal value of over $1.8 billion. CoinShares research assistant Luke Nolan stated that the exercise price of Ethereum call options expiring at the end of June is concentrated above $3,600, with $6,500 being the most popular exercise price. This analyst emphasized that before the June expiration, the maximum nominal value of open positions at an exercise price of $6,500 is $192 million, reflecting some traders' confidence in Ethereum's ability to reach or exceed this level. (The Block)