$ETH
Ethereum's current price is around $2,772.54 to $2,796.42, with a 24-hour trading volume of $536.06 million to $569.74 million. The cryptocurrency has seen a recent surge, breaking out of a month-long consolidation range. Key factors driving the price include ¹ ² ³:
- *Record Open Interest*: Ether futures aggregate open interest hit a record $39.22 billion.
- *ETF Inflows*: Consistent inflows into Ethereum ETPs fuel the rally.
- *Bullish Chart Pattern*: A cup-and-handle pattern targets $4,100, a 52% increase from current levels.
- *Resistance Levels*: Breaking the $2,800-$3,000 resistance range could lead to a surge to $3,400-$3,500.
