Ethereum Options Bet and Institutional Inflows Don Show Say Price Fit Go Up Well-Well Afta Network Dey Upgrade And ETF Matter Dey Hot.
One mysterious trader don put serious bullish bet for Ethereum, as e spend $2 million to buy 61,000 call options with strike prices of $3,200 and $3,400. This one far pass ETH current price wey be $2,465. This move happen as Ethereum dey recover from wetin happen for previous quarter, as e gain strong 41% for May, even though small drop happen for early June. Three main things dey push this optimism: the new Pectara network upgrade wey make scalability and staking better; big institutions dey show interest, like SharpLink Gaming wey move $425 million enter ETH as dem treasury reserve; and plenty rumor say US go get spot Ethereum ETF wey get staking too. The Ethereum spot ETF market dey grow, with $8.17 billion market cap, and BlackRock, Grayscale, and Fidelity dey lead am. Recent money wey dey enter ETF still dey boost people mind. With plenty options activity and on-chain fundamentals wey dey improve, ETH fit break out pass $3,000. Traders suppose dey monitor the market for more up and down movement and sustained upward potential, especially as key network and regulatory things dey unfold.
Bullish
Di combination of big options bet wey pass current price, the technical boost from Pectara network upgrade, plenty money wey institutions dey put for treasury, and plenty ETF money wey dey flow in, all show say Ethereum go blow well well. Market dey happy because of tori say US go fit get spot ETH ETF with staking, and as more big big players dey enter, na so price go dey increase and market go dey shake well. All dis technical, fundamental, and regulatory reasons dey ginger am to dey go up, meaning say traders fit see more price increase and plenty market action for short to medium term.