ETH has been trading in the $3,000–$3,200 band with low near-term options activity and heavier open interest concentrated in late‑2025/2026 expiries, signaling rollover behavior. Call interest clusters around $3,000–$3,300 and the put‑to‑call ratio (~0.63) indicates a mild bullish bias that can pin price within the range. A decisive breakout would require ETH to reclaim and hold above ~ $3,200 with stronger spot volume; until short‑dated options and volume increase, sideways trading is the most likely near‑term outcome.

Summary facts: low short‑dated options activity, concentration of open interest in late‑2025/2026 expiries, call clusters at $3,000–$3,300, put‑to‑call ratio ~0.63 (mildly bullish) and current spot around $3,000–$3,200 — these suggest rangebound trading unless spot volume and short‑dated options activity pick up.