Analyst Says Investors Expect $4,000 in Ethereum by the End of June, Explains Why!

Leading cryptocurrency Bitcoin With its strong rise, it exceeded $ 46,000, while the biggest altcoin Ethereum It also approached $2,500.

Analysts generally expect in May spot Ethereum ETF against the expectation that their applications will be approved. ETH While we continue to be optimistic about its price, option data also gives positive signals.

According to data from Deribit, Ethereum call options expiring in June are concentrated around the $4,000 price.

Speaking to The Block Deribit Chief Commercial Officer Luuk Strijersalso shared charts for Ethereum call options and said that investors are waiting for $ 4,000 in ETH:

“As you can see from Deribit data, the $4,000 price appears to be the largest of both June and September call option expirations.

The concentration on the $4,000 strike price indicates that market participants and investors have expectations that the Ethereum price will rise above $4,000 by the options expiration dates.

“This concentration may reflect a consensus or speculation about the potential future movement of the Ethereum price in the market.”

Continuing his assessment of the potential ETF approval and its impact on the ETH price, the Deribit executive said that it is not yet clear whether derivative investors expect a price increase after the potential approval of the spot ETH ETF and that it is too early to draw a conclusion on this issue.

“Options data in June is higher than in April, and the expectation is relatively higher, but it is difficult to make a connection for now, especially with the Ethereum ETF approval news or the expected correlation with the BTC halving.

Because the impact of these events on the Ethereum price remains unclear.”

Ethereum At the time of writing, it continues to trade at $2,475.

*This is not investment advice.