Ethereum keeps a company above the $ 3,500 level, a key support recovered last Friday, reporting a renewed force on the market. After increasing by over 70% since the end of June, ETH seems to have entered a new bullish phase led by the increase in demand and institutional interest. The momentum has clearly moved to the bulls, with a technical structure and the action of the prices aligned to further support the rise.
Reading Reading
By adding to the upright prospects, the cryptoquate data show that Ethereum Open Interest has achieved a historical maximum, indicating the growing activity of the trader and the capital increase in the ETH derivative markets. This increase in open interest often precedes the great price movements, suggesting that Ethereum could see increased volatility and expansion in the next few days.
The combination of prolonged price levels, a strong continuation of the trends and a growing participation lays the foundations for a potentially explosive move. If bulls can maintain control above $ 3,500, Ethereum could prepare for a higher short -term fresh leg. While the market awaits confirmation, all eyes are on Eth to see if this momentum can guide it to new maximums of 2025. Next week it could prove to be fundamental for the medium -term tendency of Ethereum.
Ethereum Open Interest affects Record Athh
The setting of the Ethereum market continues to strengthen itself, with an opening of interest for ETH derivatives that reach a new historian maximum of $ 50 billion, according to the cryptocious data shared by analysts Ted cushions. “Strong and enjoy the tour of Ethereum,” said the cushions, highlighting the high volatility in sight as a potential launching pad for an aggressive price action. This level of open interest is historically significant and often indicates that the great players are positioning for an important move.
Such a dramatic increase in the capital committed to ETH’s future and options suggests a growing trust of investors and an increase in the anticipation of the directional moment. While a high open interest can lead to a strong rally or a correction, the current fundamental fundamental and macro indicate that the market could be bullish.
The growth of the Ethereum network remains stable, with the active addresses, the participant’s participation and the increase in levels on levels 2. Even more important, the recent passage of the Genius Act in the United States provides legal clarity for Stablecoin and lays the foundations for a wider regulation of cryptocurrencies, for the benefit of Ethereum directly as a basic layer for Defi and Tokenization.
Reading Reading
Eth bursts with eyes on the key resistance
Ethereum (ETH) confirmed a powerful breakout above the psychological level of $ 3,500, closing at $ 3,588.26 in the 3 -day table. The move follows a strong event from the minimum of late June, with the price now over 70% less than a month. It is important to emphasize that ETH has exceeded all the main furniture mediums, including SMA 50, 100 and 200, signaling a movement towards the upper momentum in terms of longer times.
The volume increased significantly during this breakout, strengthening the strength of the move. The next great resistance is at $ 3,742.95, a level that previously acted as the local top at the beginning of the year. A successful closure above this sign could open the door for a range of $ 4,000 – $ 4,200 range.
Reading Reading
On the negative side, $ 2,852.16 now act as a key support level. This level marked previous consolidation and breakout, aligning itself with the confluence of the former resistance and the 200 -day mobile average. Keeping on this area is essential to maintain the current bullish structure.
First floor image from Dall-E, TradingView chart