#تحليل_أداء_الإيثيريوم : Breakthrough of $2700 🚀
The significant breakthrough for Ethereum $ETH
has managed #الإيثيريوم to break the $2700 level with a notable increase of 6.33% over the past 24 hours. This rise comes amid a wave of large position liquidations in the market, where liquidations exceeded $265 million, with short positions liquidated by more than $139 million.
Market Drivers
Exceptional liquidity: Ethereum's open interest has reached record levels with 7.18 million #إيثيريوم closed in futures contracts.
Institutional investments: The announcement by Sharp, Link Gaming of a massive reserve strategy for Ethereum worth $425 million supported by Cons, ensys.
Strong trading momentum: Trading volume has increased significantly over the past hours, reflecting growing interest from traders.
A Look at the Chart
Price data shows a steady upward trend from $2549 to around $2688, with a clear movement from bulls towards new resistance levels. The price has been moving in an upward channel since the beginning of the week, with strong support at the $2630 levels.
What to Watch For
The $2700 level represents an important psychological pivot point, and maintaining the price above it could open the door for higher levels.
Bitcoin's movement will impact Ethereum's performance, as analysts wonder if Ethereum will catch up with Bitcoin in reaching new all-time highs.
