Bitcoin has reached a new all-time high, trading near $118,000, while Ethereum has broken past the $3,000 mark, reflecting a highly bullish market sentiment. Traders are optimistic, anticipating Ethereum could target $4,000 or higher as market enthusiasm shifts from prolonged suppression to explosive growth. In options trading, end-of-day call buyers have seen significant success, with returns of 13-17 times, highlighting the potential of options in volatile markets. Meanwhile, discussions on risk management for dual-sell strategies are intensifying, focusing on managing gamma exposure through rolling in-the-money options or contract settlements. Technical analysis indicates Ethereum is in a $2,800-$3,200 range, with the Gamma Ex indicator suggesting potential for significant volatility rather than a single directional trend.