Key Takeaways:
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Ether’s open interest rallies 64% from June 22 to a record of $ 46 billion high.
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Analysts said the ETH could reach as high as this $ 30,000 cycle, with a nearby target at $ 4,000.
Ether (Eth) The price reached 6% on Wednesday, reaching $ 3,170 for the first time since Feb. 1. This outperformed the broader cryptocurrency marketthat gained 1.8% in the last 24 hours.
Meanwhile, the open interest of Ether Futures reached its highest level on Wednesday, which leads entrepreneurs to set out ambitious ethical prices.
Ether open interest shows ETH entrepreneurs are bullish
Ether futures Open interest (IO) Press a record of $ 46.58 billion on Wednesday, indicating an increase in market participation and new currency flowing contracts with ETH futures.
The combined OI in Ether futures increased by 64% from June 22, up to 31% in the last seven days. For the context, three months before, on April 17, the OI of Ether was $ 17.95 billion at $ 1,600. When Ether exchanged $ 4,000 in December 2024, the interest of Eth Futures was $ 31.5 billion.
New all-time high levels today suggest increasing demand for leveraged ETH positions and more capital entering the market.
Related: ‘99% Chance ‘Bitcoin Dominance is sinking if Ethereum Surge continues
Moreover, Ethereum network fees increased by 109% to $ 12.40 million over the past week, according to Nansen data.
Higher network fees not only reflect the increase in demand for Ethereum, but also increase the ETH combustion rate. Since Ethereum’s built-in mechanism of combustion Depending on network activity, increased use means more ETH is taken out of circulation, increasing tailwinds to price.
Five-digit targets for the price price price: analysts
Data from Cointelegraph Markets Pro and Tradingview Showing ETH trade above $ 3,000 for the sixth consecutive day, a level of bulls becomes strong support.
As cointelegraph reportedHandling $ 3,000 is key to the upside -up ETH potential and sets the stage for a possible rally at $ 18,000.
“I fully fixed my expectations for this $ et Says Pseudonymous Trader Defi Dad in response to Ether’s latest outperformance.
The businessman added:
“I buy and hold ETH, believing that we can run a minimum of $ 15k- $ 18k (20x from less than 2022, 5-6x from here).”
Ethereum could miss Bitcoin in the second half of the year, up to $ 6,000 before 2026, Says Crypto investor John K. Davies, adding:
“Such an assessment is highly conservative to be direct, and I certainly believe it may be higher, that is, material over $ 10k by Q2 2026.”
Fellow chartist crypto gems Na -Post A side-by-side fractal that suggests Ether can follow a similar trajectory in the 2016-2017 market cycle. From April’s low $ 1,400, the price of ether can go to a 330% parabolic run, which potentially push ETH up to $ 6,000.
As cointelegraph reportedimmediate target for ETH remains $ 4,000 after it breaks above the key Resistance Zone between $ 2,800 and $ 3,000.
It is aligned with the review of Mister Crypto that says that $ 4,000 ETH prices are all but guaranteed once the bulls will surely break above $ 3,150.
Ethereum destroys above this massive resistance !!!
$ 4,000 is near!
We’re about to get rich! pic.twitter.com/dkvobmyktf
– Mister Crypto (@MisterrCrypto) July 16, 2025
Meanwhile, meanwhile Institution demand by Spot Ethereum ETFS and Eth Treasury Companies Remains strong, suggesting the bullish market feelings.
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.
