Recently, Ethereum (ETH) has risen more than 7% and crossed key resistance levels, indicating a potential similar rally to previous performances. Current exchange reserves mirrored those of October 2024, suggesting a trend toward a 32% price increase up to 4,541 USD.
The futures trading market is showing notable growth; trading volume increased by 27.13% and open interest rose by 4.18%. With funding rates remaining stable, the sentiment reflects confidence for ETH to maintain upward momentum while holding above crucial support levels.
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