š· Options Whales Switched to Bull Mode: Expecting a Record in Ethereum ($ETH ) by This Date!
Ethereum (ETH), which has been upsetting its investors with its weak performance against Bitcoin (BTC) for a long time, has experienced a big rise in recent weeks.
While ETH's rise increased bullish expectations, option investors also switched to bull mode.
Option traders have turned to a bullish call spread strategy and expect Ethereum to reach $6,000 by the end of the year.
According to Debit data, institutional investors are aiming to make maximum profits if Ethereum reaches $6,000 by the end of the year by buying $3,500 call options and selling $6,000 call options. Both options expire on December 26.
Investors using this strategy will make maximum profits if Ethereum surpasses $6000 by the end of the year.
Crypto derivatives analyst Greg Magadini said that Ethereum still has room to rise, adding that ETHās upside potential remains.
Believing that $ETH is currently undervalued compared to other risk assets that are on the rise, Magadini stated that Ethereum has still not reached its cycle peak.
š¬ āEthereum has not yet reached its peak and this is not the time to predict its peak. $ETH is likely to experience a major recovery, The launch of a spot $ETH with staking would be a significant catalyst for the rally.ā
I just discovered a very surprising thing on $ETH today.
Got across $ETH onchain today and realized that ETH might actually get us all off-guard.
While many keep saying it's slow and bad, but data suggests something else and this one of the reasons that I am bullish on Ethereum.
The last time $ETH dropped below the realized price, it went from $100 to $4K. Let me tell you that we have that similar situation once again. Ethereum is currently below its realized price! Be very careful if this turns around; it might be very fast.
Don't forget that Trump's family holds big bags of ETH, and SEC yesterday approved options on spot Ethereum ETFs.
Why This Trade? ā Bollinger Band Breakdown ā BNB is trading below the middle band, indicating bearish momentum. ā Lower Highs Formation ā Price struggling to reclaim $604 signals selling pressure. ā Potential Retest of Lower Band ā Bears may push toward $595 or lower.
Key Levels to Watch šø Break Below $595 = Drop to $590 Likely Break Above $606 = Bullish Reversal Toward $612
Historical Crypto Market Reactions to Trade Tariffs and Macroeconomic Events
Bitcoin has finally broken through the resistance area, which is a good sign. The price may retest this zone before the next move. Let's see how the market reacts to the tariff announcement today. $BTC