Ethereum: What’s standing between ETH and $3K? – Data suggests…
The post Ethereum: What’s standing between ETH and $3K? – Data suggests… appeared on BitcoinEthereumNews.com. Key Takeaways ETH surged past $2,800 amid rising institutional interest, low resistance, and strong liquidity, suggesting potential upside toward $3,000, despite caution over increasing exchange reserves. Ethereum [ETH] recently broke past the $2,800 mark for the first time in weeks, gaining over 7% in the last 24 hours. Reclaiming this level suggests that more investors are becoming active in the market, increasing the likelihood of further price movement to the upside. At the time of writing, ETH recorded a major surge in market liquidity. With no significant resistance levels immediately ahead, the asset could climb to a new high of $3,000. Liquidity surge on CME confirms interest According to Glassnode, there has been a spike in Open Interest (OI) on the Chicago Mercantile Exchange (CME), measured by the 7-day Simple Moving Average (SMA). OI recently surged to $3.27 billion, marking its highest level since the 2nd of February 2025. This increase strongly indicates a growing inflow of institutional capital into the market. Source: Glassnode AMBCrypto also analyzed ETH spot Exchange-Traded Funds (ETFs) on CoinGlass to determine whether these investors have allocated more funds to the asset. Interestingly, institutional traders have indeed been active. In the past day alone, they accumulated $211 million worth of ETH from the market. This marked the largest single-day purchase since the 6th of June, when over $240 million was spent on ETH, further fueling the ongoing rally. A clear road ahead for ETH? With growing bullish pressure—particularly from institutional players—AMBCrypto’s analysis suggests that ETH faces little resistance ahead. According to IntoTheBlock’s In/Out of the Money Around Price (IOMAP), there are only two resistance levels visible, with sell volume at 3.44 million and 3.42 million ETH. Source: IntoTheBlock These resistance volumes are relatively low and, as illustrated in the IOMAP chart, fall between $3,222.13 and $4,816.30.…
The post Ethereum: What’s standing between ETH and $3K? – Data suggests… appeared on BitcoinEthereumNews.com.
Key Takeaways ETH surged past $2,800 amid rising institutional interest, low resistance, and strong liquidity, suggesting potential upside toward $3,000, despite caution over increasing exchange reserves. Ethereum [ETH] recently broke past the $2,800 mark for the first time in weeks, gaining over 7% in the last 24 hours. Reclaiming this level suggests that more investors are becoming active in the market, increasing the likelihood of further price movement to the upside. At the time of writing, ETH recorded a major surge in market liquidity. With no significant resistance levels immediately ahead, the asset could climb to a new high of $3,000. Liquidity surge on CME confirms interest According to Glassnode, there has been a spike in Open Interest (OI) on the Chicago Mercantile Exchange (CME), measured by the 7-day Simple Moving Average (SMA). OI recently surged to $3.27 billion, marking its highest level since the 2nd of February 2025. This increase strongly indicates a growing inflow of institutional capital into the market. Source: Glassnode AMBCrypto also analyzed ETH spot Exchange-Traded Funds (ETFs) on CoinGlass to determine whether these investors have allocated more funds to the asset. Interestingly, institutional traders have indeed been active. In the past day alone, they accumulated $211 million worth of ETH from the market. This marked the largest single-day purchase since the 6th of June, when over $240 million was spent on ETH, further fueling the ongoing rally. A clear road ahead for ETH? With growing bullish pressure—particularly from institutional players—AMBCrypto’s analysis suggests that ETH faces little resistance ahead. According to IntoTheBlock’s In/Out of the Money Around Price (IOMAP), there are only two resistance levels visible, with sell volume at 3.44 million and 3.42 million ETH. Source: IntoTheBlock These resistance volumes are relatively low and, as illustrated in the IOMAP chart, fall between $3,222.13 and $4,816.30.…
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