Ethereum has seen a significant increase in call option activity, indicating a rising investor interest in a potential price surge to $6,000 by the year's end. This probability has soared from 7% to 30% following a U.S.-EU trade deal that has improved global risk sentiment, supporting a more favorable environment for digital assets. Despite a strong liquidity backdrop, crypto markets experienced recent declines, but Ethereum's price rallied from $3,570 to $3,900, showing an 8.8% gain over one weekend. Analysts suggest that the consistent bullish sentiment, driven by traditional investor interest and new product offerings like Bitcoin ETFs, is reshaping the market dynamics. With options markets indicating a 52% chance for Bitcoin hitting $150,000 by December, the overall landscape is one of cautious optimism as market participants adjust to these developments, all while keeping an eye on monetary policy changes that could further impact crypto valuations.

Source šŸ”—