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Market Cap:
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Fear & Greed:
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Bitcoin:
$ 68.480
BTC Dominance:
% 54.1
Market Cap:
$2.48 T

Institutional Investors Eye $5,000 for Ethereum by June as June Expectations Rise!

Ethereum Pectra

Institutional investors are anticipating a $5,000 price for Ethereum (ETH) by the end of June.

As the May expiration of options approached today, investors’ volatility expectations for Ethereum did not go unnoticed. Recent data from Deribit, the largest options exchange, highlighted the growing interest in $5,000 options for the end of June.

The expectation that the SEC will give final approval to spot Ethereum ETFs and that these ETFs will start trading by the end of June, especially, has led to expectations rising in a positive direction.

SynFutures co-founder Rachel Lin told The Block that there were large purchases for the $5,000 price:

When we look at the derivatives data, we see that the highest open interest for ether is currently in the $5,000 call option for the end of June. Investors’ bullish expectations are increasing.

In a similar comment, QCP Capital analysts stated that bullish expectations for Ethereum are increasing for June and that investors are focusing on the $4,000-$5,000 range:

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Recent data shows that large buyers are behind Ethereum call options with a strike price of $4,000 to $5,000 for June 2024 expiration.

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