Options Whales Have Turned Bullish: A Record is Expected in Ethereum by This Date (ETH)!

For a long time, Ethereum (ETH), which has disappointed its investors with weak performance against Bitcoin (BTC), has experienced a significant surge in recent weeks.

While this rise of ETH increases bullish expectations, option investors have also entered bull mode.

According to Coindesk's news, options investors have turned to a bullish call spread strategy and expect Ethereum to reach 6000 dollars by the end of the year.

According to Deribit data, institutional investors aim to maximize profits by buying a $3500 call option and selling a $6000 call option, targeting Ethereum to reach $6000 by the end of the year. Both options expire on December 26.

Investors using this strategy will maximize their profits if Ethereum exceeds $6000 by the end of the year.

Crypto derivatives analyst Greg Magadini stated that Ethereum still has room to rise, indicating that ETH's upward potential continues.

Magadini, who believes that ETH is currently undervalued compared to other rising risk assets, stated that Ethereum has not yet reached the peak of its cycle.

"Ethereum has not reached its peak yet and it is not the time to predict its peak.

The likelihood of ETH experiencing a significant recovery is high,

The launch of a spot ETF that includes staking will serve as a significant catalyst for the bull market.