Ethereum Price Prediction: 77,441 Puts for November 13, Then the Options Market Flips

The Ethereum price prediction currently hinges on a striking break in the options market: for the November 13, 2026 expiry, Deribit shows 77,441 puts against 24,464 calls, more than three times as many hedges as bets on rising prices. For November 27 the ratio flips: 153,164 calls against 71,907 puts. Ether cost $2,414 on Wednesday evening according to CoinGecko, 5.5 percent more than 24 hours earlier.

Ethereum price prediction: key points

• November 13: put-call ratio 3.17, about $246 million open.
• November 27: put-call ratio 0.47, about $543 million open.
• Level above: 50-day average at $2,506.
• Levels below: 20-day average at $2,351 and 200-day average at $2,157.
• Priced-in range: about $2,240 to $2,590 over seven days.

Ethereum price prediction: what has changed since the last update

Our last Ethereum price prediction looked at the levels up to the ETF cost basis. Since then Ether has climbed from a 24-hour low of $2,227 to a high of $2,443 and reclaimed the 20-day average at $2,351. The 50-day average remains open. Over 30 days the coin is still down 11.2 percent.

Open Ether options per expiry date in ETH. Data: Deribit, as of November 4, 2026

Ethereum options: what the put majority on November 13 means

Many puts are not automatically bets on a crash. Holders often use them to hedge positions, especially in uncertain weeks. Still, the comparison says something: until November 13 many participants want protection, for the end of November they lean toward rising prices. The largest call blocks for November 27 sit at $3,000 and $3,600, the largest put blocks at $2,000 and $2,150. Max pain for that date is $2,500.

As soon as Friday, November 6, 38,954 calls and 47,664 puts expire with max pain at $2,340. The largest blocks here are at $2,400 and $2,500 for calls and $2,100 and $2,300 for puts, so the price sits right between the zones. If you want to buy Ether, compare regulated crypto exchanges.

The key levels for the Ethereum price. Data: Deribit and CoinGecko, as of November 4, 2026

Ethereum forecast: the range the options market is pricing in

Deribit's volatility index for Ether stands at 52, well above the 38 for Bitcoin. Converted to seven days, that means about 7.2 percent in either direction, roughly $2,240 to $2,590. This also explains why so many holders hedge: Ether swings more than Bitcoin.

Ethereum price prediction: three scenarios until mid-November

Scenario Trigger Next level Breakout Daily close above $2,506 Path toward $3,000 opens Sideways Price stays between $2,351 and $2,506 November 13 expiry as the test Pullback Daily close below $2,351 200-day average at $2,157

Usage argues against too much euphoria: Ethereum applications hold $45.9 billion according to DefiLlama, after $51.1 billion 30 days ago, a drop of 10.3 percent. As long as no new money arrives there, the price lacks a driver from the network itself. Our Ethereum price prediction page covers longer horizons. If you prefer trading without your own wallet, compare suitable crypto brokers.

As of Wednesday evening, November 4, 2026. This article is not investment advice.