Options market, Ethereum year-end $6000 Rise betting active

The expectation that Ethereum (ETH) will reach $6000 by the end of the year is strongly appearing in the options market. According to Coindesk, recent options traders have chosen the strategy of buying call options with a strike price of $3500 and simultaneously selling call options with a strike price of $6000. The expiry date of both contracts is December 26, with a total of 30,000 contracts executed over 10 times.

This suggests that market participants expect ETH to continue its bullish trend by the end of the year, but they anticipate some limitation on the upward movement. Cryptocurrency derivatives expert Greg Magadini said, "The increasing demand from institutional investors and the overall recovery of investment sentiment are supporting ETH's bull market," and "There is no need to predict a specific peak at present."