Ethereum native token, ether (Eth)Its powerful increase continues, causing a frantic activity in the options market that quotes abandonment, where merchants are making bullish bets for up to rise.
In the last 24 hours, merchants have spent more than $ 5 million on the strike option for $ 5,000 that expires on September 26, according to data tracked by Amberdata. Buyers are betting on an ETH rupture above $ 5,000 at the end of this quarter. At the time of writing, Ether changed hands to $ 4,670, which represents a gain of 26% for the month, according to Coindesk data.
Merchants also collected calls to $ 5,500 and $ 6,000 strikes and Toro call differentials. OTC Tech Platform Paradigm said in a telegram update that a market participant lifted the December expiration call in the $ 7,500 strike.
According to analysts, there are many advantages in Ether, which has delayed not only Bitcoin but also XRP in record configuration during this cycle.
“Since all ETH mares and feeling are completely on landfills, there is a lot of space for ETH to be updated. The immediate objectives are $ 5,000 (Breaking in a new ATH territory) and about $ 7,200 (Given the ETH/BTC price of average range of 0.06 with BTC around $ 120k)“Greg Magadini, director of Amberdata derivatives, said in a weekly note.
According to the Blockchain Santiment analysis firm, ETH prices increase is characterized by the persistent sale of retail merchants.
“Prices historically move in the opposite direction of the expectations of retail merchants. There was an instance of extreme greed on June 16, 2025 and July 30, 2025, which led to price corrections. But merchants have demonstrated FUD and Incrustation as the asset makes higher and higher prices,” said Santiment in X.
“With the key interested parties that accumulate loose currencies with which the small merchants of $ ETH are willing to separate at this time, prices show very little resistance to feeling by breaking and making history in the near future,” the firm added.
ETH is now only 4.4% less than its historical maximum of $ 4,861 in November 2021. It is Peer, BTC, exceeded its 2021 peak in March last year and has met in six figures since then. Throughout this period, ETH remained in rank between $ 2,000 and $ 4,000.
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