Ethereum's price increased by over 10% in the last two days, approaching $3.5K, with traders anticipating a rise to $4K by July 25. This surge indicates a possible breakout fueled by favorable macro conditions, institutional investments, and a significant shift in market sentiment. Call options for ETH, particularly between $3K and $4K, show strong trader positioning for a continued rally. Recent liquidations of ETH and BTC shorts contributed to this price increase, suggesting a meaningful change in market dynamics. Predictions indicate ETH has a 14% chance to exceed $4K by the end of July.
Ethereum surged by over 10% to just under $3.5K, with traders expecting it to reach $4K by July 25, driven by bullish sentiment and institutional inflows.
The ETH market is experiencing a regime change, characterized by explosive upside bets and significant short liquidations, signaling a potential breakout moment.
In the past 24 hours, 25% of Derive's ETH trading volume is on call options for July 25 expiry, indicating strong trader alignment for continued price increases.
There is a 14% chance that ETH finishes July above $4K, and a 27% chance it will surpass $5K by the end of 2025.
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