$ETH

In the last 24 hours, Ethereum (ETH) has been making headlines with an impressive increase of 10-13%, reaching $1,795-$1,800, its highest level in three weeks. This rally, driven by optimism following signs of de-escalation in the trade war between the U.S. and China, has revitalized interest in the second largest cryptocurrency by market capitalization. According to Cointelegraph, open interest in derivatives grew by 16%, surpassing $21.92 billion, reflecting intense trading activity. Additionally, the liquidation of short positions and the increase in flows into ETFs have strengthened the momentum. Despite key resistances near $1,860, analysts see a potential advance towards $2,000 if the volume holds. However, caution remains, as a pullback could lead ETH to support levels at $1,700. Is this the beginning of a new bullish trend or just a temporary bounce?