Deribit Metrics: Ethereum may rise to $ 6500

Ethereum (ETH) ended the quarter with a decline, but investors in the options market remain noticeably optimistic. Despite the fact that the price of ethereum ETH $3,030.86 Bridged Ether (StarkGate) -0.08% Market capitalization $72.11 million VOL. 24 hours $0.58 billion fell by 26% to $ 3,047.66 (at the time of publication $ 3,033), the most popular contract on the Deribit exchange remains the call option with a strike price of $ 6,500.

According to Deribit Metrics, the total nominal open position for this option is $ 383.533 million, the highest among all ethereum options traded on the platform. Investors are also actively buying call options with strike prices of $ 4,000, $ 5,500, and $ 6,000, which indicates that they expect the price to recover in the medium term.

A call option at $ 6,500 is a bet that the market price of ETH will rise above this threshold. Buyers of such contracts are bullish on the market’s growth, expecting the ether to overcome the level that is currently almost twice its current value.

Last month, the price of ether dropped below $ 2,650 for a while, which was the lowest level of the quarter. Nevertheless, the activity of traders on Deribit demonstrates a renewed interest in the ether after a significant decline, and the increase in the volume of open positions indicates that investors are willing to take risks in anticipation of future growth.

The ETH options market is often considered an indicator of the sentiment of major players. Despite the current volatility, the data shows that institutional investors see the potential for growth through 2026, especially given Ethereum’s technical updates and the development of the staking ecosystem.