The weekend’s cryptocurrency recovery revived the upward trend in the market and brought the Bulls to new life.
As interest in Ethereum grows, so does price expectations.
At this point, Ethereum (ETH) is focusing on its focus as activity in the options market suggests an explosive end to this year.
Therefore, investors have set their Ethereum price target at $6,000 by the end of 2025, making them increasingly confident.
Talking to Decrypt, Nick Forster, founder of Options Platform Derive, said that the main driver of positive sentiment in the market is the stabilization of the global economic situation.
Forster said the biggest example of this is a new trade agreement reached between the US and the European Union on Sunday.
“The chance of $6,000 by December 25th is more than four times higher than 30% from under 7% in early July,” Forster said, noting the surge in bullish bets on Ethereum.
Commenting on the sudden market crash last week, Nick Forster added that he should remain calm.
This forecast from Nick Forster is in line with forecasts from Capriol Fund founder Charles Edwards, who hopes Ethereum will reach a new ATH within the next six months.
Polymarket users also estimate that Ethereum could reach a new record at 67% this year.
*This is not investment advice.
