Traders are placing large bets on Ethereum’s Ether (ETH) cryptocurrency reaching $6,000 in this year, through bull call options. ETH is up from its $4k value in December of 2024. However, it has been on a steep decline since then. The Ethereum token was up 57% at the time of publication in just the last thirty days. Traders hope that the Ethereum token will continue to climb throughout the summer.
Block traders, usually institutions and big players, have executed bull call spreads in ether. They chose the call option at $3,500 and shorted an equal number of options with the strike price of $6,000. The bets were set to expire December 26th, so Ethereum must reach that amount by then in order to pay out the winners. Traders implemented the strategy using the Paradigm over-the-counter trading platform. This was then listed on the Deribit crypto exchange. The traders executed 30 000 contracts of $3,500/$6,000 spreads in 10 different trades. They spent just under $7 million on initial costs and debt.
It is clear that this week, the crypto market bounced back massively. Following months of stagnation macroeconomic conditions, and geopolitical development saw some optimism. Most analysts believe the rally isn’t done. Ethereum, Bitcoin and other cryptocurrencies have been leading the charge.
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CoinCodex predicts that Ethereum’s next six months will be an exciting rollercoaster. According to the firm, October 2025 is going to be the most profitable month for ETH. It is expected that the asset’s price will rise to $4,011 from its current value. This represents a 61% increase. However, this is only for the month of August. CoinCodex reported that ETH would trade for $2,030 in June, and $2,779 in July. August and Septembre are slightly more optimistic as ETH will likely increase to a peak of $3307 and $3269 in these months.
According to data from the National Asset Management Company, there has been an increase in long-term holdings, leading to increased pressure on assets. According to data by GlassnodeThe liveliness metric of ETH showed a dramatic increase. It is clear that this group has been selling more. Concern is raised by the fact that this was the only increase in price in 3 months. It shows investors looking to profit from asset’s rising value. It is risky for Ethereum to do so, because the asset’s value could suddenly drop.
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Source: watcher.guru
