Ethereum $6K Christmas Odds Surge as Options Traders Reprice Tail Risk
Ethereum has seen a notable surge in call option activity, raising the probability of its price reaching $6,000 by the end of the year from 7% to 30%. This shift is attributed to a recent U.S.-EU trade deal that has improved global risk sentiment, allowing investors to feel more secure in taking on riskier assets like cryptocurrencies. Over the last weekend, Ethereum increased by 8.8%, reflecting a rising bullish sentiment in the market. Experts cite that the calmness in macroeconomic conditions and a spike in demand signal growing optimism among traders. The U.S. money supply has reached a record high, yet the crypto market appears stable, showing signs that this rally is supported by strong spot demand rather than speculative trading. Analysts expect that the overall chance of Bitcoin hitting $150,000 by year-end is now considered possible, suggesting a bullish environment for Ethereum as well, with experts predicting significant price movements by December 25.
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