This week could be explosive for Ethereum: ETH ETFs to debut in the US on Tuesday

Ethereum (ETH) is down nearly 1% on Monday as exchanges have begun confirming Tuesday as the launch date for ETH ETFs.

Ethereum ETFs set to launch on Tuesday as the SEC is expected to declare issuers' prospectus effective today. Bitcoin Conference coinciding with ETH ETFs launch week could help drive a rally for Ethereum . Ethereum traders display uncertainty despite bullish predictions surrounding ETH ETFs' launch. Ethereum is down nearly 1% on Monday as exchanges have begun confirming Tuesday as the launch date for ETH ETFs.

Since the PCR favors calls, it signifies that most traders are bullish, betting on the price of ETH to rise above $3,700 before the month ends. End-of-month options expiry has triggered a significant decrease in ETH options open interest in the past two months. If a similar move occurs this time around, it maysignify uncertainty among ETH investors. ETH futures open interest declining slightly by 1% in the past 24 hours also aligns with the uncertainty among options traders.

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