According to online reports, traders spent more than US$2 million on Ethereum call options that expire at the end of June, betting that the price of ETH will rise from the current US$2460 to US$3,200 - 3,400, an increase of more than 30%. Analysts believe that the Pectra upgrade implemented by Ethereum in early May has improved network scalability and verifier flexibility, coupled with SharpLink Gaming's announcement of US$425 million as Ethereum reserve assets, and market expectations that U.S. regulators may approve spot Ethereum ETFs with a pledge mechanism, have boosted investor confidence. Experts say these developments may mark ETH entering a trend similar to the early days of Bitcoin's corporate adoption.