In a surprising turn of events amidst a generally bullish cryptocurrency market, Ethereum[ETH] encountered bearish pressures. Data sourced from Greeks.Live revealed that approximately 200,000 ETH options were on the verge of expiring, boasting a Put Call Ratio of 0.87, a telltale sign of bearish sentiment. Additionally, the max pain level was pegged at $1,650, with a notional value totaling $330 million. This mounting bearish sentiment became even more apparent when observing the declining Open Interest across all exchanges. This indicated a waning interest in Ethereum options and futures.