Ethereum’s momentum is catching fire as options traders place massive bets on a breakout above $5,000 before the end of September. According to market data, over $5 million worth of call options have been purchased in recent sessions, signaling strong bullish conviction among derivatives players 💎.
Currently, ETH is trading around the $4,480–$4,500 range, within striking distance of its all-time high near $4,878. The spike in options activity suggests traders are positioning ahead of potential catalysts — from surging ETF inflows to accelerating institutional accumulation. If ETH breaks the psychological $5K barrier, it could trigger a wave of FOMO buying across both spot and derivatives markets 🌐.
For spot traders, the $4,400–$4,500 zone remains a key support level. A decisive push above $4,550 could open the door to $4,700, and eventually $5,000. With macro conditions favoring risk assets and on-chain metrics pointing to reduced exchange supply, the path to new highs is looking increasingly probable.
💡Stay alert — set your buy zones, track resistance levels closely, and ride the bullish wave if momentum confirms. The $5K breakout could be closer than you think! 🚀
Sources: CryptoNews | CoinDesk
