🔷 Options Whales Switched to Bull Mode: Expecting a Record in Ethereum ($ETH) by This Date!

Ethereum (ETH), which has been upsetting its investors with its weak performance against Bitcoin (BTC) for a long time, has experienced a big rise in recent weeks.

While ETH's rise increased bullish expectations, option investors also switched to bull mode.

Option traders have turned to a bullish call spread strategy and expect Ethereum to reach $6,000 by the end of the year.

According to Debit data, institutional investors are aiming to make maximum profits if Ethereum reaches $6,000 by the end of the year by buying $3,500 call options and selling $6,000 call options. Both options expire on December 26.

Investors using this strategy will make maximum profits if Ethereum surpasses $6000 by the end of the year.

Crypto derivatives analyst Greg Magadini said that Ethereum still has room to rise, adding that ETH’s upside potential remains.

Believing that $ETH

is currently undervalued compared to other risk assets that are on the rise, Magadini stated that Ethereum has still not reached its cycle peak.

💬 “Ethereum has not yet reached its peak and this is not the time to predict its peak. $ETH is likely to experience a major recovery, The launch of a spot $ETH with staking would be a significant catalyst for the rally.”

#ETH #Ethereum✅