$ETH (Ethereum)
Strong momentum and optimism are fueling expectations of a breakout:
Options traders have bet heavily—spending over $5 million on $5,000-strike $ETH call options expiring end of September, with activity also seen at $5.5K, $6K, and even $7.5K.
Prediction markets like Polymarket show push for $5K by end of August, though there are concerns about liquidity shifts to TRON.
Analysts at Standard Chartered raised their year-end target to $7,500, citing institutional adoption, ETF flows, and upcoming regulatory tailwinds like the GENIUS Act. They see potential for $25,000 by 2028.
Others anticipate even higher upside—CoinCentral suggests $ETH could reach $8,500 if Bitcoin hits $150K; similar bullish long-term scenarios project $10K+.
Meanwhile, on-chain data shows 98% of Ethereum wallets are in profit, indicating broad investor confidence.
