Traders are betting that the price of Ethereum will break through $3,400 by the end of June
2025-06-06 06:02:32
Traders have spent more than $2 million on Ethereum call options expiring at the end of June, betting that the price of ETH will rise from the current $2,460 to $3,200- $3,400, an increase of more than 30%. Analysts believe that the Pectra upgrade implemented by Ethereum in early May has improved network scalability and validator flexibility, coupled with SharpLink Gaming's announcement that $425 million will be used as an Ethereum reserve asset, and market expectations that US regulators may approve a spot Ethereum ETF with a staking mechanism have jointly boosted investor confidence. Experts say these developments could signal that ETH is entering a corporate adoption trend similar to Bitcoin's early days.
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