Delta‑Neutral, L2 Yield and Tactical Options: ETH Strategies That Work Now

I see ETH traders leaning into strategies that monetize volatility while limiting directional exposure: delta‑neutral approaches (spot + futures/perps hedges), options spreads, and short-duration volatility trades are common. I’ve also noticed traders capturing yield on Layer‑2s and liquid restaking while rotating liquidity between high-fee pools and safer stablecoin pairs.

I’m prioritizing setups that account for gas and L2 costs, on‑chain flow signals (whale transfers, exchange inflows), and macro drivers like rate expectations. Tactical use of structured products and covered calls helps generate income in choppy ranges, while event-driven long exposure around ETH upgrade announcements can work for risk-tolerant traders.

I recommend strict risk limits, small position sizes for directional bets, and automated hedges for leverage; successful traders combine execution discipline with active monitoring of fees and orderbook liquidity.