Ethereum (ETH) is making significant progress toward breaking its 2021 all-time high, with investor confidence growing rapidly. Data from Deribit suggests a surge in bullish options trading activity, as traders are increasingly anticipating ETH to surpass the $5,000 mark before September’s end. Over $5 million was invested in $5,000 expiry options expiring on September 26th alone. Further fueling these predictions, options traders are showing strong interest in higher-priced calls at levels of $5,500 and $6,000. Notably, a significant market player purchased a December futures call option with a strike price of $7,500 on the OTC platform Paradigm. 📈 Analysts predict ETH could reach new highs, including targets at around $5,000 and potentially even $7,200 (assuming a stable BTC price around $120,000). Despite bullish sentiment, Santiment highlights that retail investors continue to sell off Ethereum despite the rising prices. This trend is attracting attention from large players who are buying up the ETH that has been sold by small investors, according to Santiment’s analysis. Ethereum currently trades around $4,620.