Set to Surge? Traders Bet Big on $6K ETH by Year-End
Crypto traders are making bold bets on Ethereum (ETH) hitting $6,000 by December 26, 2025, using a popular options strategy called a bull call spread.
Last week, over 30,000 ETH options contracts were traded via the over-the-counter platform Paradigm and later listed on Deribit. This strategy involved buying $3,500 call options and selling $6,000 call options, costing traders around $7 million in total.
What Does This Mean?
Best-case scenario: ETH hits $6,000 or higher by Dec. 26 — traders profit.
Worst-case scenario: ETH stays below $3,600 — traders lose their $7 million investment.
If ETH goes above $6,000, gains are capped due to the structure of the trade.
Currently, ETH is trading around $2,510, up 80% since its April low of $1,390. Analysts remain optimistic, noting Ethereum could continue to rise, especially with potential catalysts like spot ETFs with staking rewards attracting institutional interest.
As noted by crypto analyst Greg Magadini, “There’s no reason to be calling tops right now. ETH still
has room to run.”