According to the most recent data, Ethereum (ETH) is showing a strong recovery, currently trading at **$2,802.12 USD**. In the last few hours, the price has fluctuated between a low of $2,762.87 and a high of $2,821.87, maintaining a consistent upward trend.
This recovery represents a continuation of the positive momentum we have been observing, with an approximate increase of 2.6% in the last 24 hours.
Growth Driving Factors
1. Increase in Institutional Interest
The flow of institutional capital towards Ethereum has increased significantly. BlackRock, which has already made history with its Bitcoin ETF by reaching $70 billion in assets under management faster than any other ETF in history, is creating a ripple effect throughout the crypto market, benefiting ETH as well.
2. Increased Activity in Open Contracts
Data shows a historic record of perpetual ETH contracts, indicating growing speculative activity. This demand for leverage suggests that many investors are anticipating significant short-term moves.
3. Volatility in Options
Notable increases have been recorded in short-term option prices:
- The implied volatility (IV) for 1 week has risen from 65.2% to 79.0%
- The IV for 1 month has increased from 66.4% to 72.1%
These indicators suggest that the market expects significant movements in the price of ETH in the short term.
📊 Technical Analysis
Ethereum shows signs of technical strength, having surpassed the psychological resistance of $2,800 USD. The more pronounced volatility structure reflects a higher demand for bullish exposure or protection against sharp movements.
Trading volume has also increased significantly, supporting the legitimacy of the current bullish movement. Immediate support levels are around $2,770, while the next significant resistance could be near $2,850-2,900.