Ethereum’s native token, ether (Eth)Continuing its powerful wave that triggers crazy activity in the market for discharged-listed options where dealers make bullish bets on additional upside.
Over the past 24 hours, dealers have spent more than $ 5 million on $ 5,000 strike call option, which expires on September 26, per Data Tracked by Amber Data. Buyers are betting on a ETH breakout over $ 5,000 by the end of this quarter. From writing, Ether hands switched to $ 4,670, representing a 26% gain for the month, according to Coindesk data.
Dealers also picked up calls to $ 5,500 and $ 6,000 strikes and Bull Call Spreads. The OTC Tech Platform Paradigm said in a telegram update that a market participant lifted the expiry call in December to $ 7,500 strike.
According to analysts, there are plenty of upside in ether that have hung not only Bitcoin but also XRP in setting record heights during this cycle.
“With all sideways from eth and mood that is completely in the dumps, there is still a lot of room for ETH to catch up. Immediately target is $ 5,000 (breaking into new ATH territory) and about $ 7,200 (Considering the Mid-Range ETH/BTC price of 0.06 with BTC about $ 120K)“Said Greg Magadini, director of derivatives at Amberdata, in a weekly note.
According to the Blockchain Analytics company Santiment, the price increase of ETH is characterized by sustained sales from retailers.
“Prices are moving historically in the opposite direction of retailers’ expectations. There was an example of extreme greed back on June 16, 2025 and July 30, 2025, which led to price corrections. But dealers have shown FUD and unbelievers as the asset is higher and higher prices,” Santiment said at X.
“With the most important stakeholders who accumulate loose coins that small $ ETH dealers are willing to stand out right now, prices show very little emotional resistance from breaking through and making history in the near future,” the company added.
ETH is now only 4.4% shortly after its highest high at $ 4,861 hit in November 2021. It’s Peer, BTC, topped his 2021-top last year and has entered six numbers since then. Throughout this period, ETH’s range remained between $ 2,000 and $ 4,000.
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