Ether Is Set to Explode as Traders Pump Millions Into $6K ETH Bets

Crypto traders are betting big on ether ETH in the wake of the recent rally.Last week, block traders, typically institutions and large players, executed bull call spreads on ether, purchasing the $3,500 call options while simultaneously shorting an equal number of calls at the $6,000 strike, both set to expire on Dec. 26. Traders executed the strategy via over-the-counter platform Paradigm, which was later listed on crypto exchange Deribit source: https://www.coindesk.com/markets/2025/05/20/ether-is-set-to-explode-as-traders-pump-millions-into-usd6k-eth-bets