The Ethereum price could finally hit $5000 this week after a record $5 billion in ETH options are set to expire on Friday, tilting sentiment decisively bullish.
With the majority of call options stacked around the $4,200–$4,600 strike range and a put/call ratio near 0.6, bullish traders clearly hold the upper hand ahead of the monthly expiry.
Meanwhile, the strong buying pressure created by treasury companies, whales and spot ETFs continues to fuel the explosive ETH rally.
Ethereum price predictions from bulls like BitMine’s Tom Lee continue to indicate $10,000 as this year’s likely price target, with $15,000 also a possibility. It now appears that $5k could happen this week itself.
Ethereum’s bullish prospects provide the ideal backdrop for the ETH ecosystem and meme coins. Arbitrum, Aave, Ethena and Pepe could deliver outsized returns this year as smart money investors continue to view them as high beta ETH plays.
Even small caps like Bitcoin Hyper and TOKEN6900 are in high demand as investors hunt for 100x returns.
Why $5B Options Expiry Could Push Ethereum Price To $5,000?
A record $5 billion in Ethereum options are set to expire this month, with open interest skewed sharply in favour of bulls.
Ether call options currently hold $2.75 billion in open interest, 22% more than the $2.25 billion in puts. The majority of bearish bets are concentrated below $4,000, which are now deep out-of-the-money.
In contrast, 71% of call options were placed at $4,600 or lower, with major clusters at $4,400 and $4,500, indicating strong bullish sentiment.
Data from Deribit, which handles over 65% of ETH options volume, shows significant net value favouring bulls.
For instance, between $4,550 and $4,850, calls outnumber puts by $1.35 billion. Between $4,850 and $5,200, the gap widens to $1.8 billion.
With most puts rendered worthless and calls deep in the money, Ethereum’s price could continue to rise sharply into expiry, especially if it breaks past $4,850 and triggers another short squeeze. Unsurprisingly, $5000 appears to be a likely price target for this week.
Ethereum Price Prediction: Should Sidelined Investors Buy At The Current Price?
The Ethereum price is currently moving within an ascending wedge. After a successful retest of the lower trendline, ETH now appears poised to move to the upper level, which could push its price to nearly $5400 in the coming days.
The strong buying pressure created by institutions and whales is further fueling the rally. Just today, Lookonchain flagged a nearly $200 million ETH buy from BitMine, which has now expanded its holdings to nearly $8 billion.
Meanwhile, the spot Ethereum ETFs have now recorded 5 straight days of inflows despite the pullback in the ETH price. The strong institutional demand further supports the bullish Ethereum price predictions of bulls like Tom Lee, who anticipate that ETH will peak between $10,000 and $15,000 this year.
New ERC-20 Coins TOKEN6900 and Bitcoin Hyper Call The Next 100x Crypto
With Ethereum poised for more upside growth, the demand for ETH beta coins is growing.
Besides large caps like Arbitrum, Aave and Pepe, even small caps are in high demand.
For instance, TOKEN6900 has quickly positioned itself as one of the most in-demand meme coins, raising more than $2.8 million in its presale with only hours left before closing.
Its appeal lies in being a pure meme play, much like Dogecoin and Pepe, but with a lower market cap that leaves significant room for upside. Investors appreciate the transparency with which the project reveals that it doesn’t offer any utility, only high upside potential for small-scale retailers.
Whales continue to pour in six figures to buy T6900 just hours before its presale closes. Several prominent analysts are even calling it the next 100x crypto.
Similarly, Bitcoin Hyper (HYPER) has emerged as one of the hottest ERC-20 coins on the market.
As a fast-paced Layer‑2 solution built on top of Bitcoin, it aims to bring the programmability, performance and scalability of modern blockchains.
Bitcoin Hyper is the perfect hybrid project. It uses the Solana Virtual Machine to improve Bitcoin’s performance, powering the product through an ERC-20 coin.
Considering that Layer-2 coins tend to reach multibillion-dollar valuations, it is no surprise that HYPER is being viewed as one of the best cryptos to buy now.
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