Ethereum grew by a record 26% in a month

Ethereum ETH $4,718.64 Bridged Ether (StarkGate) 5.36% Market capitalization $0.12 billion VOL. 24 hours $4.41 billion continues to grow steadily, with investors spending more than $ 5 million on call options with a strike of $ 5,000 and an expiration date of September 26 over the past day, hoping for ETH to rise above this level by the end of the quarter. ETH is currently trading at around $ 4,670, up 26% from a month ago.

In addition, traders bought call options with strikes of $ 5,500 and $ 6,000, as well as upside spreads. The Paradigm platform reported buying an option for December with a strike of $ 7,500. Analysts believe that ether has the potential for significant further growth, as it has so far lagged behind not only bitcoin but also XRP in reaching new highs this cycle. According to Amberdata’s Greg Magadini, the nearest targets are $ 5,000 and about $ 7,200, provided the ETH/BTC ratio is 0.06 and the BTC price is around $ 120,000.

Santiment notes that the current growth of ETH is accompanied by steady sales by retail traders. Historically, the price has often moved contrary to retail market expectations. Previously, periods of «extreme greed» in June and July 2025 led to corrections, but now, despite new price highs, fear and distrust prevail.

According to Santiment, large players are accumulating coins that small traders are willing to part with, which creates minimal psychological barriers to further updating historical highs. The current level of ETH is only 4.4% below the record of $ 4,861 set in November 2021.

For comparison, bitcoin BTC $121,821.93 Bitcoin 1.93% Market capitalization $2.42 trillion VOL. 24 hours $2.41 billion exceeded its 2021 peak back in March last year and has since risen to six figures, while ETH has remained in the $ 2,000−4,000 range for a long time.