Key Takeaways:
-
Ether’s price rallied 108% to $ 2,880 since April 9.
-
The Eth Futures Open Interest struck all the time of $ 20 billion, signs of bullish sentiment.
-
Ether’s bullish cup-and-handle pattern targets $ 4,200.
Ether (Eth) The price gained 108% between April 9 and Wednesday, reaching $ 2,880 for the first time since Feb. 8. It significantly exceeds the broader cryptocurrency market, which increased by 49% at the same time.
The Ether Futures Open Interest rose to its highest level on Thursday, leading entrepreneurs to imagine if ETH prices could also rally at new all-time highs.
Ether Futures shows ETH entrepreneurs are bullish
Eth futures Open interest (OI) (cash-margined) hit a new all-time high of over $ 20 billion on Thursday, up to 155% since April 9, as per Data from Glassnode.
Futures Oi Cash Margin measures endlessly measure the total amount of funds (at USD value) allocated to open eternal contracts with collateralized futures with cash. It helps assess the level of market participation and the amount of capital at risk in cash-margined eternal futures.
Increasing open interests indicate an increase in market participation and new currency flowing contracts with ETH futures.
This flow suggests growing confidence in entrepreneurs and investors, often a signal of price acquisitions while strengthening demand.
Glassnode noted that entrepreneurs use Stablecoins to obtain exposure to ETH through futures contracts, reflecting a strategic risk of risk-on despite pullback prices from $ 2,800.
It came as Capital Market Capitalization reached a new all-time high to $ 228 billion, up to 17% year-to-date.
Stablecoins are emerging again.
Cap cap hits a record of $ 228B, up to $ 33b (+17%) in 2025.
Recreation of trading activity, growing payment use, and clearer US regulation under Trump. pic.twitter.com/76zkj49uwb
– Cryptoquant.com (@crypoquant_com) June 12, 2025
Ether gains in bitcoin
ETH prices have been more than double since April 9, which has changed more in Bitcoin (Btc), that the price rose 44% compared to the US dollar at the same time.
The Ether/BTC pair, or Ether value in Bitcoin, has also been up to 50% since April 9, reaching a 14-week high of 0.02623 on Wednesday. ETH/BTC trade around 0.02561 at the time of writing.
“The $ eth has continued to show strength because up to 50% against #bitcoin since low in April,” Says MN Capital Founder Michael Van de Poppe in a Wednesday post on X.
Related: Bitcoin, eth price coil after inflation cools and US-china tariffs roll back back
According to the businessman, ETH’s ongoing strength suggests that the “Bull Market is finally starting.” He added:
“I think we’re pretty much offering the potential of this whole market.”
As cointelegraph reportedThe ETH/BTC strengthening structure can trigger a breakout on the Ether price.
Ether’s cup-and-handle chart pattern eyes $ 4,200
The ETH/USD pair generates a cup-and handle Chart pattern on the day -to -day chart of the time chart since Feb. 12.
The pattern is solved when the price breaks above the pattern neckline, rallying as high as the length of the previous decline. The ETH/USD daily chart below describes that the price has been broken outside the handle and is now retiring the neck resistance to $ 2,800.
A decisive sun -day candle near the top of the neckline will clean the path to the technical target of the existing chart pattern above $ 4,170 and more.
Analyst Daan Crypto Trades said the $ 2,800 level (matching the neckline in the chart above), is “important” as it can trigger a huge breakout for ETH prices.
$ Eth The level of $ 2.8k is important throughout this cycle. This caused the greatest motions after rehesting or breaking above/below it.
So keep an eye on this place and watch high breakout hours or decline. pic.twitter.com/san3b1xszj
– road crypto trades (@daancrypto) June 11, 2025
As cointelegraph reportedEther’s breakout from a bull flag could result in 30% earned at $ 3,670.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
