Ethereum (ETH) is experiencing heightened volatility as it trades between $2,850 and $3,100, with traders divided on its short-term direction. Some traders are betting on a dip to $2,900 over the weekend, while the GEX indicator suggests potential upward movement towards $3,090–3,092. In the options market, aggressive selling of put options is the dominant strategy, with positions concentrated at strike prices between $2,600 and $2,850.