Current Ethereum price: $1,670
- Ethereum experienced a 13% increase on Wednesday following President Trump’s announcement of a 90-day tariff suspension on 75 nations.
- The SEC granted approval to Fidelity, BlackRock, Bitwise, and Grayscale for options trading on their spot Ether ETFs.
- Two leveraged ETFs that short ETH have emerged as the top-performing ETFs so far in 2025.
- Ethereum enthusiasts are aiming for a surge towards the $1,800 milestone after reclaiming the $1,500 support level.
Ethereum (ETH) surged by 13% on Wednesday after President Trump revealed a 90-day pause on tariffs for 75 countries. In the aftermath, the Securities and Exchange Commission (SEC) approved options trading for the spot Ether ETFs from Fidelity, BlackRock, Bitwise, and Grayscale.
SEC green lights options trading on ETH ETF; -2x ETH ETF sees top performance
Ethereum has witnessed a notable spike in buying activity following President Trump’s announcement regarding the tariff pause. The leading altcoin rebounded from a two-year low of $1,400 to over $1,650 at present.
This announcement coincided with the SEC approving applications from NYSE, Nasdaq, and Cboe to list and trade options contracts on the Bitwise and Grayscale, as well as BlackRock and Fidelity’s spot Ether ETFs.
Options trading could enhance the attractiveness of an ETF product by introducing regulated risk management and hedging techniques, which are particularly necessary for institutional investors during uncertain market conditions like the current environment.
“The SEC has authorized options trading on spot ETH ETFs… Similar to BTC ETFs, anticipate a flurry of new offerings from issuers — including covered call strategy ETH ETFs, buffer ETH ETFs, and more,” commented Nate Geraci, President of The ETF Store, in a post on X on Wednesday.
This approval arrives at a time when ETH ETF holders are facing increased losses, down over 50% year-to-date, driven by a global risk-averse sentiment in financial markets. Consequently, Ethereum ETFs have recorded only four days of inflows since February 20, according to data from Farside Investors.
While holders of ETH ETFs endure losses, products designed to bet against them have emerged as top performers across the global ETF landscape since January.
Two -2x ETH ETFs—representing double leverage short positions on ETH ETFs—have been identified as the best-performing ETFs thus far in 2025, as stated by Bloomberg analyst Eric Balchunas. These products have outperformed ETFs tracking volatility despite the heightened market uncertainty in the recent months.
Ethereum Price Outlook: ETH bulls reclaim $1,500, set sights on $1,800
In the past 24 hours, Ethereum has seen $169.04 million in futures liquidations, according to data from Coinglass. The total amount of liquidated long and short positions was $63.28 million and $105.76 million, respectively.
ETH managed to recover the crucial support level around $1,500 after bouncing back near the lower boundary of a descending channel, climbing over 13%. If this rally continues, ETH could also regain $1,800 and potentially challenge the upper boundary of the descending channel. Conversely, the $1,500 support remains a pivotal level to monitor if ETH experiences a retracement.
ETH/USDT daily chart
The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are both trending upward but are situated below their neutral thresholds. A decisive move into the upper range could reinforce the bullish momentum.
A daily candlestick closure below $1,500 would invalidate this bullish scenario.