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Ethereum climbs 65% – But is this rally more than just hype? Analyzing…
The post Ethereum climbs 65% – But is this rally more than just hype? Analyzing… appeared on BitcoinEthereumNews.com. Ethereum’s OI and whale inflows surged, signaling institutional conviction behind the recent rally. ETH liquidations and technicals point to a likely breakout above $2,714 as shorts get squeezed. Ethereum’s [ETH] Futures market has shown remarkable strength over the past month. Open Interest (OI) on Binance jumped from $3.6B to $5.1B—up 41.6%—with the total ETH OI across all exchanges now near $17B. This uptick signals strong institutional and derivatives-driven conviction behind ETH’s rally. Importantly, this move is not speculative; it aligns with an almost 65% price rise from $1,600 to $2,663.72. Therefore, Ethereum’s recent surge appears more than a temporary spike—it reflects a structurally supported rally backed by robust participation in the derivatives market. Source: CryptoQuant Whale Inflows accelerate In just seven days, Ethereum’s Large Holders Netflow rose 22.8%, extending a massive 30-day increase of 1057.08% and a 90-day jump of 392.80%. This surge suggests sustained accumulation from institutional entities and long-term holders. Moreover, the timing of these inflows corresponds with Ethereum’s breakout above $2,600, confirming that deep-pocketed investors continue to bet on further upside. Source: IntoTheBlock While accumulation persists, ETH Exchange Reserves have increased by 3.93%, totaling $51.17B. Typically, rising reserves might indicate upcoming sell pressure as more ETH becomes available on exchanges. However, this rise could instead reflect rotational liquidity, where traders deposit ETH for derivatives exposure or to hedge positions. ETH faces major hurdle at $2,714 Ethereum was trading around $2,663, just shy of a strong resistance band between $2,714 and $2,741. The Stochastic RSI sat above 79, indicating overbought conditions, while Bollinger Bands signal reduced volatility. A decisive close above $2,741 would likely open the door to a breakout rally toward $3,000. However, failure to breach this zone could trigger a short-term retracement to $2,581. Therefore, ETH sits at a critical technical juncture that could dictate the…
The post Ethereum climbs 65% – But is this rally more than just hype? Analyzing… appeared on BitcoinEthereumNews.com.
Ethereum’s OI and whale inflows surged, signaling institutional conviction behind the recent rally. ETH liquidations and technicals point to a likely breakout above $2,714 as shorts get squeezed. Ethereum’s [ETH] Futures market has shown remarkable strength over the past month. Open Interest (OI) on Binance jumped from $3.6B to $5.1B—up 41.6%—with the total ETH OI across all exchanges now near $17B. This uptick signals strong institutional and derivatives-driven conviction behind ETH’s rally. Importantly, this move is not speculative; it aligns with an almost 65% price rise from $1,600 to $2,663.72. Therefore, Ethereum’s recent surge appears more than a temporary spike—it reflects a structurally supported rally backed by robust participation in the derivatives market. Source: CryptoQuant Whale Inflows accelerate In just seven days, Ethereum’s Large Holders Netflow rose 22.8%, extending a massive 30-day increase of 1057.08% and a 90-day jump of 392.80%. This surge suggests sustained accumulation from institutional entities and long-term holders. Moreover, the timing of these inflows corresponds with Ethereum’s breakout above $2,600, confirming that deep-pocketed investors continue to bet on further upside. Source: IntoTheBlock While accumulation persists, ETH Exchange Reserves have increased by 3.93%, totaling $51.17B. Typically, rising reserves might indicate upcoming sell pressure as more ETH becomes available on exchanges. However, this rise could instead reflect rotational liquidity, where traders deposit ETH for derivatives exposure or to hedge positions. ETH faces major hurdle at $2,714 Ethereum was trading around $2,663, just shy of a strong resistance band between $2,714 and $2,741. The Stochastic RSI sat above 79, indicating overbought conditions, while Bollinger Bands signal reduced volatility. A decisive close above $2,741 would likely open the door to a breakout rally toward $3,000. However, failure to breach this zone could trigger a short-term retracement to $2,581. Therefore, ETH sits at a critical technical juncture that could dictate the…
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