ETH hits a 4-month high after four straight weeks of gains — Deribit traders are targeting $3,200!

Ethereum has climbed roughly 11% this month to around $2,330, its highest level since February, on the back of four consecutive weeks of gains — the longest such streak in nearly a year. The move puts <a class="ticker-mention" href="/en-US/token/eth">ETH</a> on course for its first back-to-back monthly advance since July–August 2025 and has refocused market attention on the $3,000 level after months of underperformance against Bitcoin.

On Deribit, the largest crypto options venue, open interest in ETH call options has clustered around the $3,200 strike at more than $322 million, with the $2,500 strike close behind at roughly $320 million. Separately, US spot Ethereum ETFs logged a 10-day inflow streak from April 9–22 worth more than $633 million — their longest run of the year and the longest since June 2025 — before recording $75.94 million in net outflows on April 23.

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