Ethereum options market warms up, traders hold a cautiously optimistic attitude.

Gate News bot message, based on the data shared by the digital asset and market intelligence platform Amberdata, the likelihood of the Ethereum Options market price breaking through the conservative target by the end of the year is low, and although trader demand has increased, the fluctuation remains unchanged.

These factors indicate that, even as the cryptocurrency market matures and attracts mature capital, the development trajectory of Ethereum still faces broader uncertainties.

The platform’s derivatives director Greg Magadini stated that investor interest in Options has returned, “Across the Options market, we are finally seeing a resurgence of interest in Options, but Fluctuation remains low.”

He pointed out that there is still a significant divergence in the current price predictions for Ethereum: “Retail investors are betting that the price of Ethereum will reach $3000 by the end of this month, while institutional investors are betting it will reach $3500 by the end of June.”

Despite the cautious price targets, the market appears distinctly optimistic, indicating that traders are actively building positions even in the context of subdued price expectations.

“The open interest in Ethereum is also rebounding,” Magadini stated, adding that the current level of open interest in Ethereum “has risen to the peak seen last December when the market was very optimistic.”

At the same time, according to CoinGecko data, Ethereum has risen by about 4% in the past week, currently reported at 2647 dollars as of the time of writing.

The open interest positions of Ethereum derivatives are approximately $35 billion, up 8.8%, and the weighted funding rate for open positions remains positive.

Source: Decrypt