Introduction

This week marks the expiry of a record-setting $5 billion in Ethereum options, driving noticeably bullish market sentiment and setting the stage for ETH to approach $5,000. Most call options are clustered between $4,200 and $4,600 strike prices, with a put-to-call ratio as low as 0.6, underscoring a clear advantage for bullish positions.

Institutional and Whale Purchases Propel ETH Higher

Large-scale buying from institutional investors and whales, together with ongoing inflows into spot ETFs, have provided strong support for ETH’s upward momentum. For instance, BitMine purchased nearly $200 million worth of ETH in a single transaction today, pushing its total holdings close to $8 billion. This robust capital influx is fueling further Ethereum price gains and may trigger short covering in the short term, leading to rapid price surges.

Prominent analyst Tom Lee, along with other bulls, forecasts ETH could reach $10,000 this year, with some projecting a challenge of $15,000. In the near term, the $5,000 mark is widely considered achievable.

Ethereum Approaching Ascending Wedge Breakout

ETH is currently consolidating in an ascending wedge pattern, with lower support levels successfully retested. If ETH breaks out above the wedge’s upper trendline, prices could quickly rise to around $5,400. This technical setup, reinforced by sizable institutional and whale buying, strengthens the overall bullish outlook.

High-Beta ERC-20 Token Opportunities

ETH’s rally has sparked rising demand for high-beta ERC-20 tokens. Leading projects like Arbitrum, Aave, and Pepe are expected to see significant returns, while smaller tokens such as TOKEN6900 and Bitcoin Hyper (HYPER) have become focal points for investor interest.

TOKEN6900, positioned as a pure meme token, has attracted market attention after raising over $2.8 million in just a few hours during its presale. Although it transparently declares no utility, its high upside potential has attracted whale investors, and analysts indicate it has the potential to be a 100x token.

Bitcoin Hyper leverages Bitcoin Layer‑2 and Solana-compatible virtual machine technologies to boost transaction speed and scalability, while ensuring both stability and growth. These Layer‑2 tokens may reach multi-billion dollar valuations and draw significant capital. Bitcoin Hyper is positioned among the most attractive ERC-20 tokens for recent investments.

To view ETH spot trading: https://www.gate.com/trade/ETH_USDT

Conclusion

Ethereum is positioned to break through $5,000 this week, with a pronounced bullish trend fueled by institutional and whale investment. High-beta ERC-20 tokens like TOKEN6900 and Bitcoin Hyper are attracting attention as ETH climbs. Monitoring ETH’s ascending wedge structure and options expiry dynamics may provide insights into potential profit opportunities.