As June Expectations Increase in Ethereum, Corporates Locked to 5 Thousand Dollars!

Institutional investors expect Ethereum (ETH) to reach $5,000 by the end of June.

Today, end-of-May options expired and investors' expectations for volatility in Ethereum did not go unnoticed. The latest data from Deribit, the largest options exchange, revealed the increasing interest in $5,000 options for the end of June.

Especially towards the end of June, the thought that the SEC would give final approval to spot Ethereum ETFs and that these ETFs would be opened for trading led to an upward trend in expectations.

SynFutures co-founder Rachel Lin told The Block that there was a lot of buying for the $5,000 price:

Examining 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.

Making a similar comment, QCP Capital analysts stated that bullish expectations for Ethereum have increased for June and investors are focusing on the $ 4,000-5,000 band:

Recent data shows that $4,000 to $5,000 Ethereum call options for end-June 2024 have large buyers.