Crypto traders are making optimistic bets on Ethereum's ether, anticipating it will reach $6,000 by December 26 through bull call spreads. Recently, block traders executed over 30,000 contracts for call options, costing approximately $7 million. Ether's price has seen significant growth, surging over 80% since April, with analysts predicting further gains. The bullish strategy involves buying $3,500 call options while simultaneously shorting an equal number of $6,000 calls, both set to expire on the target date. This strategy has been executed via the over-the-counter platform Paradigm, highlighting strong expectations for ether's upward movement. Currently, ether is trading around $2,510, and while it presents high profit potential if it crosses the $6,000 mark, risks include potential losses if ether remains below $3,600, limiting the initial investment to $7 million. Analysts like Magadini believe that the anticipated launch of spot ETFs and staking rewards could further bolster institutional participation, suggesting that the positive momentum for ether is expected to continue.

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