The upcoming expiry of $5 billion in Ether options on Friday could propel ETH prices above the $5,000 mark, driven by bullish trading strategies. With Ether gaining 22% in August, bullish sentiment has increased, positioning traders to benefit from potential price increases. Currently, Ether holds a market capitalization of $557 billion, placing it among the top 30 largest tradable assets. Analysis reveals that call options significantly outweigh put options, indicating a stronger bullish presence. Only 6% of put options were placed above $4,600, whereas a majority of call options were clustered in the $4,400 to $4,500 range. Traders remain watchful of Nvidia's earnings, which may influence market sentiment. Four scenarios based on current price trends highlight a favorable outcome for bullish traders ahead of the options expiry, even with potential retracements in ETH prices. Overall, the event could mark a significant moment for Ether, depending on trader sentiment post-earnings and broader market assessments.

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