Ethereum Options Bets Signal Confidence in Price Surge to $6,500

Despite recent sluggishness in Ethereum’s price, a surprising wave of optimism is brewing within the crypto derivatives market. An Ethereum options contract targeting a $6,500 strike price has become the center of attention as traders place significant bets on ETH’s potential to reach this level. This bold confidence comes despite muted spot price movement and raises intriguing questions about its driving factors.