Traders Bet $2 Million on Ethereum Price Rising to $3200-3400 by End of June

According to reports from Deep Tide TechFlow, on June 6, traders spent over $2 million to purchase call options for Ethereum expiring at the end of June, betting that the ETH price will rise from $2460 to $3200-3400, an increase of over 30%. Analysts point out that Ethereum's Pectra upgrade in early May improved network scalability and validator flexibility. SharpLink Gaming announced it will hold $425 million as Ethereum reserve assets, and the market's expectations for the potential approval of a spot Ethereum ETF with a staking mechanism by U.S. regulators have boosted investor confidence. Experts believe these developments may mark the beginning of ETH entering a trend of corporate adoption similar to that of early Bitcoin.