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Ethereum (ETH) options positioning continued to lean bullish on Tuesday ET, with call options making up more than 60% of outstanding contracts as open interest edged higher. The skew suggests traders are still pricing in upside scenarios, even as near-dated flow concentrates around a handful of strike prices.

 

Bitcoin's on-chain profitability has recovered sharply from its March lows, but analyst Axel Adler Jr. says the market still lacks a stronger behavioral confirmation that a durable reversal is underway.

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Ethereum price started a recovery wave above the $2,100 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance.

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Traders' unrealized profit margin reached 17.7% on May 5, 2026. Executed profits in the spot market hit a daily peak of 14.6K BTC on May 4, 2026. Apparent spot demand recorded a contraction of minus 11K BTC according to the latest compiled data.