Ethereum Climbs Over 50% Against BTC, Eyes Big Move Toward $6,000
2025-07-17 15:28:22
Main Idea
Ethereum has surged over 50% against Bitcoin and is showing bullish momentum, with options markets indicating strong bets on prices reaching $4,000 and beyond.
Key Points
1. Ethereum (ETH) has climbed 52.63% against Bitcoin (BTC), rising from 0.019BTC to 0.029BTC.
2. ETH's price increased by 22.5% since July 10, reaching a peak of $3,484, though it remains 25% below its 2021 high of $4,878.
3. ETH leads in liquidations, with $583.42 million wiped from the crypto economy in the past 24 hours.
4. Ethereum options open interest stands at over 3.52 million ETH, with 65.2% in call options, signaling bullish sentiment.
5. Key options bets include the Sept. 26, 2025, $4,000 call and the Dec. 26, 2025, $6,000 call, indicating expectations for further price gains.
Description
After hitting a notable low of 0.019 BTC against bitcoin, ethereum has climbed 52.63% to reach 0.029 BTC. Ethereum Options Show Bold Bets on $4,000 and Beyond Ethereum (ETH) has advanced considerably this week, with market data showing a 22.5% rise since July 10. Just recently, ETH touched a peak of $3,484 per coin, and
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