Ethereum's call option activity shows a significant shift in investor sentiment, now indicating a 30% chance the cryptocurrency will reach $6,000 by year-end, up from just 7% earlier in July. This change is attributed to the recent U.S.-EU trade agreement, which has eased risk perceptions globally, allowing investors to embrace riskier assets like cryptocurrencies. The resurgence in Ethereum's price, soaring from $3,570 to $3,900 in the last days, highlights rising optimism in the market as funding rates and volatility remain stable. Analysts observe that the influx of liquidity, combined with new on-ramps for traditional investors due to products like Bitcoin ETFs, has fostered a calmer market environment. The general market's bullishness is echoed by predictions of further increases in Ethereum's price, with some experts suggesting new all-time highs could emerge within the next year. The article also notes that traditional measures often correlated with asset prices, like liquidity, are surging but have not yet translated into significant crypto market gains, prompting analysts to consider broader macroeconomic factors influencing current trends.

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