Giant Whale Invests $2 Million to Bet ETH Surpass $3400 at End of Month

According to CoinDesk, a trader purchased 61000 ETH call options expiring at the end of June on Deribit for over $2 million, with exercise prices of $3200 and $3400, betting on ETH to rise by over 30% in three weeks. At present, the market's expectations for Pectra upgrades, enterprise purchases of ETH as reserve assets, and Ethereum spot ETFs with staking mechanisms have increased, driving bullish sentiment to recover.