Ethereum has recently hit its highest value since early January, trading above $3,600. This is a new peak for ETH/USD since the first week of January. In other news, the US House of Representatives has passed three significant crypto bills. This legislative progress is boosting optimism in the cryptocurrency world. Additionally, the Financial Times reports that steps are being taken to allow cryptocurrency investments in the US retirement market. This move could lead to wider acceptance and more interest in digital assets. With the market breaking through key resistance levels, we expect increased volatility. The recent legislative advancements and the potential for new capital inflows are creating a strong bullish outlook. Now is the time to position for gains, not to go against the trend. Looking at the options market, data shows a notable change in sentiment. The put-to-call ratio for Ether has recently dropped below 0.50, meaning bullish call options are now twice as popular as bearish put options. This signals that experienced traders are anticipating higher prices in the coming weeks. Given this situation, buying call options or establishing bullish call spreads could be beneficial. Recent news has caused implied volatility to rise over 75%, which makes options more expensive but also suggests a market expectation of significant moves. Traders should be ready for sharp price fluctuations as speculation around a spot ETH ETF approval grows. The developments in the House provide strong support for the entire digital asset space. We see this as an important de-risking event that could attract institutional investments that have been waiting for clear regulations. This isn’t just a short-term spike, but a potential long-term change in how the market views crypto assets. Historically, we can learn from the launch of spot Bitcoin ETFs in January. After an initial dip from “buy the news,” these products saw over $12 billion in net inflows within three months, pushing prices to all-time highs. A similar trend could occur, especially with the former president’s policy proposal. Therefore, we are considering longer-term derivative contracts to take advantage of this multi-month trend. Expiration dates in September and December allow us to benefit from potential gains while managing any short-term pullbacks. This strategy focuses on capitalizing on broader political and structural changes, rather than just short-term price movements.

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