Ether $ETH has hit a record $46.58B in futures open interest, up 64% since June 22, signaling strong market participation. $ETH rose 6% to $3,170, outperforming the crypto market. Analysts predict short-term targets of $4,000, with some seeing potential highs between $15,000 and $30,000 this cycle.
Open interest jumped 31% in the past week alone, and network fees surged 109%, boosting ETHās burn rate. $ETH has held above $3,000 for six days, now a key support level. Analysts expect a rally, with projections ranging from $6,000 to $18,000+. Institutional demand and ETF interest further support bullish momentum.