CoinWorld news, on July 11 (UTC+8), Greeks.Live's Chinese briefing pointed out that the price of Bitcoin has surpassed a new high of $118,000, while Ethereum has successfully crossed the $3,000 mark, indicating strong bullish sentiment in the market. Traders generally believe this is a rare major market event and expect the price of Ethereum to potentially challenge $4,000 or even higher. Against this backdrop, the strategy of options buyers at the end of the month has performed exceptionally, with single investment returns reaching 13 to 17 times. Technical analysis shows that Ethereum is currently experiencing wide fluctuations between $2,800 and $3,200, with the negative gamma effect of the Gamma Ex indicator intensifying, suggesting that the market may experience significant volatility in the future, rather than a single trend.