On the Deribit exchange, dominance of Ethereum options with a target price of $4,000 by summer is observed. Traders are actively investing in options to buy "ether" expiring in July and September, anticipating the cryptocurrency to reach the $4,000 mark. This interest is intensifying in anticipation of the expected approval of exchange-traded funds (ETFs) based on Ethereum by the end of May. The majority of contracts are call options with a strike price of $4,000.

It is expected that a decision on the spot ETF applications for Ethereum, filed by VanEck and Ark/21Shares with the SEC, will be made by May 23rd. In the event of ETF approval, demand for Ethereum may significantly increase, potentially pushing the price to $4,000 and above. Trading volume of Ethereum options has reached a record $20 billion, with the majority of transactions passing through Deribit.

British bank Standard Chartered predicts that the SEC may approve spot ETFs on Ethereum as early as May of this year, which could contribute to reaching a price of $4,000 per coin.