Ethereum News: Ethereum traders target $6,000 in ETH by year-end as bullish options activity increases.

Ethereum (ETH) is back in the spotlight as institutional traders bet on a significant rally to $6,000 by December 26, fueled by strong momentum and growing optimism around spot ETFs and staking rewards. At the time of writing, ETH is trading at $2,490.24, up 80% since April.

Traders implement bullish stock purchase spreads targeting $6,000 for ETH.

Last week, institutional and block traders executed bullish stock buy and sell strategies on ETH, demonstrating their conviction that Ethereum will reach at least $6,000 by year-end. The strategy involved:

Buying call options at $3,500

Selling call options at $6,000

Expiration: December 26, 2025

The transactions were initiated on the over-the-counter platform Paradigm and then listed on Deribit, totaling 30,000 contracts in 10 transactions with a cost of over $7 million.

This strategy generates maximum profit if ETH reaches or exceeds $6,000, while losses are limited to the initial premium paid. However, profits are also capped above $6,000 due to the short position on calls.

The ETH options market shows aggressive bullish sentiment.

Each contract represents one ETH, meaning this substantial position reflects institutional confidence in Ethereum's potential to outperform in the second half of 2025. At current levels near $2,490, ETH would need to more than double for the spread to reach its maximum potential.

If ETH remains below $3,600 at expiration, the options will expire worthless, and traders would face a loss of the $7 million premium paid.