📉 Ether's (ETH) recent price consolidation around $3,500 has dampened hopes of a monthly options expiry above $4,000. This is despite initial bullish optimism driven by potential approval of a spot Ethereum exchange-traded fund (ETF). The SEC's ongoing review of ETF provider filings has kept bullish bets in check. Meanwhile, Ether bears got a surprise when the SEC concluded its investigation into Ether's classification as a security, easing a major regulatory concern. As we approach the June 28 options expiry, the market is bracing for a balanced outcome around $3,500. So, keep your popcorn ready, folks! 🍿