Ethereum Price Dey Up as Open Interest Reach Record and ETF Optimism Dey
Ethereum price don shoot up over 50% for less than one week, e climb from around $2,000 go pass $3,700. Recently, ETH cross pass $2,025 as open interest for futures and options reach levels wey no don see for months.
Derivatives data talk say $331 million short positions fit liquidate if ETH clear $4,000, e fit cause short squeeze. On-chain metrics like net money wey dey enter exchanges and higher funding rates still support the bullish momentum.
ETF money coming in, US legal clarity under Clarity and GENIUS Acts, plus waiting for protocol upgrades dey make people dey optimistic. Major resistance zones na $2,050–$2,100 and $3,850–$4,000; if ETH fit break through steady, e fit try test $2,200 and $4,000 again. Pullbacks to $1,950 or $3,742 fit be better place to enter.
Technical indicators still dey support, with 50-, 100- and 200-day SMAs dey trend up.
Bullish
Record open interest for futures and options, combined with possible short-squeeze dynamics above $4,000 and strong on-chain metrics, dey point to continued bullish momentum. ETF inflows and US legal clarity still dey boost confidence. Key resistance breakthroughs fit trigger fresh rallies, while pullbacks to support levels dey offer entry points for traders, supporting both short-term and medium-term uptrends.