As the largest altcoin Ethereum lags behind Bitcoin’s (BTC) strong gains, investors’ expectations remain low.
Investors also do not believe that Ethereum will make a big rally, as investors estimate that there is a 29% chance that ETH will reach $4,000 this year.
Deribit Asia Business Development Head Lin Chen shared on his X account that options traders predict a 29.1% probability that Ethereum will close the year above $4,000.
Lin added that the current implied volatility (IV) for ETH options remains unusually high, indicating significant price swings over the next few days.
“In the options market, the probability of ETH price being above 4,000 by the end of the year is 29.1%.
Ethereum's IV is extremely high and the market expects ETH to experience major fluctuations today and tomorrow.
But on the contrary, volatility will be lower at the end of the year or next year.”
Expectations for Bitcoin to Reach $100,000 and Above Continue!
While the expectation of $100,000 continues for Bitcoin, Polymarket users think that there is a 30% probability that Bitcoin will exceed $105,000 in November.
The next highest bet for Bitcoin on decentralized prediction platform Polymarket is $110,000 with an 11% probability.
*This is not investment advice.
