$ETH $ETH Ethereum's current price is around $1,791.77, with a 1.84% increase in the last 24 hours. Here are some key statistics ¹:

- *Market Capitalization*: $211.97 billion

- *Open Price*: $1,759.13

- *High Price*: $1,827.32

- *Low Price*: $1,738.60

- *Previous Close Price*: $1,759.12

*Why is Ethereum's price increasing?*

Ethereum's price surge can be attributed to several factors, including ²:

- *Increased trading activity*: Ether’s open interest has jumped 16% to $21.92 billion, indicating growing market interest.

- *Positive funding rates*: Funding rates have increased, signaling a bullish sentiment among traders.

- *Liquidations*: Over $109 million worth of short ETH positions have been liquidated in the last 24 hours, contributing to the price surge.

*Key Price Levels to Watch*

- *Resistance levels*: $1,950 and $2,100

- *Support levels*: $1,600 and $1,700

*Market Outlook*

Analysts predict Ethereum's price will continue to rise, with some expecting a breakout above $2,100. However, others caution that the Relative Strength Index (RSI) is at 78, indicating overbought conditions and potential for a pullback ².