Ether rally could reach 5,500 USD due to illiquid supply and bullish ETH futures signal

More than 70% of Ether is locked in staking. Whales added over 411,000 ETH in August, highlighting a robust long-term trend for ETH.

Binance ETH futures open interest stays above 8.4 billions USD. ETH reached a peak of 4,950 USD in August, with the coin’s illiquid supply supporting a rally possibly up to 5,500 USD.