Ethereum (ETH) Option Traders Bullish: Eyes on $4000 The Ethereum option market is heating up, with traders aggressively positioning for a potential price surge. According to Deribit's Research Head, Shaun Dawson, there's increasing likelihood of ETH breaking through the $4000 barrier. Option Data Shows Strong Bullish Sentiment Recent data from Deribit reveals a significant concentration of ETH option trading volume on July 25th expiry call options. A substantial 25% of the volume is focused on strike prices between $3000 and $4000, indicating strong bullish sentiment. Dawson estimates a 14% probability of ETH closing above $4000 by the end of July. Furthermore, the market suggests a 27% probability of ETH exceeding $5000 by the end of the year, showing long-term confidence in Ethereum's potential. This surge in call option activity highlights growing conviction among traders that Ethereum is poised for significant upward movement. ```

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