Ethereum Don Pass $3,700 Because Institutional Inflows & DeFi
Ethereum price don jump pass $3,700, wey mark 4.16% intraday gain. Trading volume and futures open interest spike, show sey market participation strong well well. Dis surge dey caused by growing institutional inflows, optimism around network upgrades wey dey come, plus DeFi activity wey dey expand.
Key support dey for $3,600, with resistance near $3,800. Traders suppose keep disciplined risk management, include stop-loss orders, to fit catch more upside while e protect dem from pullbacks.
Bullish
Di news highlight say strong price rally pass $3,700, supported by 4.16% intraday gain, rising trading volume and high futures open interest. Institutional inflows plus positive feelings about network upgrades dey boost market confidence, while growing DeFi activities dey underpin Ethereum fundamental strength. Short-term momentum dey bullish, with clear support at $3,600 and resistance at $3,800 wey dey guide trade setups. For long term, steady institutional adoption plus protocol improvements fit strengthen upward trends.