Ethereum’s $2M Options Bet Fuels Hopes of Sharp Price Surge

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2025 has been a rollercoaster year for Ethereum. After plunging 45.3% in Q1 , ETH rebounded with a 34.9% gain this quarter , including a staggering 41.1% surge in May —the highest monthly return of the year.

But June has started on a quieter note. So far, ETH is down 2.61% , and market momentum appears weak. Still, a whopping $2 million call option bet is shaking up sentiment—hinting at a potential breakout by month’s end.

$2 Million Ethereum Bet Fuels Bullish Sentiment

According to reports, a high-stakes trader spent $2 million in premiums to buy 61,000 ETH call options , set to expire at the end of June . The strike prices? $3,200 and $3,400 —over 30% higher than Ethereum’s current price of $2,465 .

This bold move suggests strong conviction that Ethereum will rally sharply in the coming weeks.

Ethereum Price Action: Why Optimism?

At the start of June, ETH was priced at $2,526 . It briefly surged to $2,678 on June 4, before dipping to $2,413 the next day—a 7.41% drop . Despite the correction, investor sentiment remains bullish .

Many analysts believe ETH can break the $3,000 resistance this month, backed by growing institutional interest and major network upgrades.

What’s Fueling Confidence in Ethereum?

Ethereum’s Pectara upgrade , launched on May 7 , has significantly improved scalability. Key features include:

• Raising the validator cap from 32 ETH to 2,048 ETH
• Doubling data capacity
• EIP-7702 implementation, enabling smart contract features for regular wallets

According to Youwei Yang , Ph.D., Chief Economist at BIT Mining , these upgrades demonstrate Ethereum’s focus on long-term network efficiency—boosting investor confidence.

Big Players Are Betting on Ethereum

Recently, SharpLink Gaming announced plans to move $425 million into ETH as a treasury reserve . The news has electrified the Ethereum community and is seen as a strong institutional vote of confidence .

Adding fuel to the bullish fire, rumors suggest U.S. regulators may soon approve a spot Ethereum ETF with staking —unlike current Bitcoin ETFs that lack staking support.

Ethereum Spot ETF Market Sees Rising Momentum

As per Blockworks , the Ethereum spot ETF market is gaining traction:

• Total Market Cap : $8.17 Billion
• 24H Trading Volume : $478.88 Million

Top Players :

• ETHA (BlackRock) – $3.85B AUM
• ETHE (Grayscale) – $3.46B
• FETH (Fidelity) – $1.34B
• ETHV (VanEck) – $123.17M
• CETH (21Shares US LLC) – $23.49M

With ETF inflows rising and institutional bets stacking up, Ethereum could be gearing up for a breakout in June.

Final Thoughts

From massive options bets and ETF momentum to game-changing upgrades and corporate buy-ins, Ethereum’s bullish narrative is strengthening .

Will ETH hit $3,200 by June-end? With momentum building, all eyes are on Ethereum this month.