Ethereum Set for Liftoff as Speculators Bet Big on $6,000 Target

Ethereum Traders Place $7 Million Bet on $6,000 Price Target by Year-End

Ethereum (ETH) traders have deployed over $7 million in bullish options strategies, signaling strong confidence in a potential surge to $6,000 by December 26.

Block traders—typically institutional investors and high-volume players—executed large bull call spreads on ETH via the OTC platform Paradigm and the exchange Deribit. This involved buying $3,500 call options and simultaneously selling an equal number of $6,000 calls, both expiring December 26.

A total of 30,000 contracts were traded across 10 block transactions, each contract representing one ETH. This options structure profits if ETH rises above $3,600 before expiration, with maximum gains capped at $6,000. Losses are limited to the premium paid.

Currently, ETH trades near $2,510, up more than 80% from April lows around $1,390. The scale and nature of these trades underscore a bullish outlook among sophisticated market participants.

Paradigm’s Dan Magadini commented, “There’s no reason to call a top on ETH right now,” reflecting the optimistic sentiment driving these bets.