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The recovery in cryptocurrencies over the weekend revived the upward trend in the market and breathed new life into the bulls.
As interest in Ethereum increases, price expectations also rise.
At this point, Ethereum (ETH) has come into focus as activity in the options market suggests an explosive end to the year.
Accordingly, investors have set a price target of $6,000 for Ethereum by the end of 2025 and are increasingly confident in it.
Speaking to Decrypt, Nick Forster, founder of options platform Derive, stated that the main driver of the positive sentiment in the market is the stabilization of the global economic picture.
Forster said the biggest example of this is the new trade agreement reached between the United States and the European Union on Sunday.
“The probability of $6,000 by December 25th has more than quadrupled, from just under 7% in early July to over 30%,” Forster said, noting a surge in bullish betting for Ethereum.
Nick Forster, who also commented on the sudden market crash last week, added that one should remain calm.
This prediction from Nick Forster aligns with the predictions of Capriole Fund founder Charles Edwards, who expects Ethereum to reach a new ATH within the next 6 to 12 months.
Polymarket users also estimate the probability of Ethereum reaching a new record this year at 67 percent.
*This is not investment advice.