Ethereum (ETH) has long upset investors with its weak performance against Bitcoin (BTC), but has experienced a huge increase in recent weeks.
The rise in ETH has raised bullish expectations, but options investors have also switched to bull mode.
According to Coindesk, options traders look to bullish call spread strategies and expect Ethereum to reach $6,000 by the end of the year.
According to Deribit data, institutional investors are aiming to make the most profit if Ethereum reaches $6,000 by the end of the year by purchasing a $3,500 call option and selling a $6,000 call option. Both options expire on December 26th.
Investors using this strategy will make the most profit if Ethereum surpasses $6,000 by the end of the year.
Crypto Derivatives analyst Greg Magadini said there is still room for a rise in Ethereum, adding that there is still a chance of an ETH rise.
Magadini said Ethereum has not yet reached its cycle peak as he thought ETH was currently undervalued compared to other risky assets with increasing ethics.
“Ethereum has not reached its peak yet, and this is not the time to predict a peak.
ETH can experience a major recovery,
The launch of spot ETFs with staking will be an important catalyst for gatherings. ”
*This is not investment advice.
