Will $5K ETH Follow Friday’s $5 Billion Options Expiry?

Ethereum options traders are bracing for a potential turning point as a massive $5 billion expiry approaches this Friday. With bullish strategies holding the upper hand, Ether could see a renewed surge toward the coveted $5,000 level. However, investor focus remains on upcoming Nvidia earnings expected later this week. 22% price gains over the past month suggest that the bulls are well-positioned for this crucial event. This coincides with Ethereum’s recent climb to a new all-time high of $4,500, leaving bears exposed after Ether rallied in August.