Ethereum Rises as Market Shifts Rapidly

Ethereum has recently witnessed a noteworthy price surge, breaking past the $3,600 threshold. This upward movement was driven primarily by liquidations of short positions. Analysis from Derive’s derivatives exchange highlights a marked increase in investor engagement, especially toward call options targeting a $4,000 strike price, set to expire soon. Dr. Sean Dawson, Derive’s research director, notes this trend shift as indicative of a significant market development, with $136 million in shorts having been cleared in the last day. Experts suggest this could soon elevate Ethereum’s value closer to the $4,000 target.

What Boosts Ethereum’s Price Increase?

Recent trading activity on Derive showcases a significant 25% of Ethereum’s volume concentrated in call options between $3,000 and $4,000. A notable 8% of these positions are aimed at the $4,000 benchmark. Dr. Dawson evaluates the probability of reaching this target by late July at 14%, while predicting a 27% chance of achieving $5,000 by the end of 2025.