Traders bet that the price of Ethereum will break through 3400 USD before the end of June.

Traders spent more than $2 million to buy Ethereum call options expiring at the end of June, betting that the price of ETH will rise from the current $2,460 to $3,200-$3,400, an increase of more than 30%, according to Golden Finance. Analysts believe that Ethereum's Pectra upgrade implemented in early May to improve network scalability and validator flexibility, coupled with SharpLink Gaming's announcement of $425 million as an Ethereum reserve asset, and market expectations that U.S. regulators may approve spot Ethereum ETFs with staking mechanisms, have combined to boost investor confidence. Experts say these developments could signal that ETH is entering a trend similar to Bitcoin's early corporate adoption.

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