Ethereum’s etheric cryptocurrency (ETH) could be set to spike prices as it is placing a big bet on assets reaching $6,000 this year through Bullcole Spreads. ETH crashed from a $4K rating in December 2024, but began a strong rebound this May. At the time of pressing, Ethereum tokens have increased by 57% over the past 30 days alone. Traders continue to climb into the summer and ride their assets to appear in new ATH before the year ends.
Last week, block traders, usually institutions and large players, ran a bull coles spread on the ether. Traders opted for the $3,500 call option, and reduced the same number of calls on a $6,000 strike. These bets expire on December 26th. So Ethereum will need to hit that number up until then to reward the better. Traders implemented their strategies through a commercial platform paradigm. This was later listed in Crypto Exchange Dederibit. Traders ran 30,000 contracts with a $3,500/$6,000 call spread across 10 separate transactions, spending more than $7 million on their initial debt/cost.
There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic state and geopolitical development saw some optimism arise. Ethereum and Bitcoin are leading the rebound accusations, with most analysts suggesting that profits are not over.
According to Concodex, we’ll be riding an Ethereum roller coaster for the next six months. The company has revealed that October 2025 will be the best month for ETH. The assets are set to trade at $4,011 after a 61% increase from the current price level. However, this is the case for this month alone. Cincodex noted that in the months of June and July, ETH will trade for $2,030 and $2,779, respectively. August and September are a bit bullish as ETH is expected to increase to $3,307 and $3,269.
However, long-term holders have increased sales, so assets run the risk of increased pressure. According to GlassNode data, lively metrics in ETH show a severe increase. This indicates an increase in sales between the holder groups of this group. The concern revolves around this value jump being the first in three months. Specifically, it shows that investors are trying to benefit from rising assets. It’s a dangerous proposition for Ethereum, as you can see the surge in value of assets stopping
