Ethereum reached a new all-time high near $4,900, sparking bullish sentiment, while Bitcoin's price fell sharply to around $110,000, disappointing holders. The market is closely watching the $4,550 support level for ETH and whether BTC will break below $110,000. A significant market event involved two ancient whales selling over 18,000 BTC and holding more than 550,000 ETH, causing a $4,000 drop in just seven minutes and triggering a cascade of liquidations. Meanwhile, traders are actively discussing options strategies such as double buying, covered calls, and reverse ratio spreads, with smart orders at -30bp becoming a popular topic. Sentiment around Bitcoin is pessimistic, with some traders doubting its ability to reach the year-end target of $200,000 and expressing concerns about further declines below $110,000.