Ethereum Price Surges, Indicating Potential Multi-Week Rally
- Ethereum price increased by 3.5%, surpassing the $2,000 resistance level.
- The daily trading volume for Ethereum rose by 60.6% to over $10.89 billion.
- ETH futures open interest climbed by 6.66% to $21.61 billion.
- Approximately 470,000 ETH were accumulated by large investors in the past week.
- Over 1.2 million ETH coins have exited exchanges in the last 48 days.
Ethereum’s price recovery is supported by strong on-chain metrics and significant whale activity, with a notable increase in trading volumes and futures open interest indicating potential for a sustained rally above $2,000.
Source (2.6)https://coingape.com/ethereum-price-gears-for-a-multi-week-rally-ahead-3000-eth-soon/?rand=24432
