𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙋𝙧𝙞𝙘𝙚 𝘽𝙧𝙚𝙖𝙠𝙨 30-𝘿𝙖𝙮 𝙍𝙖𝙣𝙜𝙚 𝙖𝙨 𝙊𝙥𝙚𝙣 𝙄𝙣𝙩𝙚𝙧𝙚𝙨𝙩 𝙃𝙞𝙩𝙨 $41𝘽 𝘼𝙏𝙃 – 𝙒𝙝𝙖𝙩’𝙨 𝙉𝙚𝙭𝙩?

Ethereum (ETH) broke out of a 30-day consolidation range today, June 11, and swung above $2,800 for the first time since February 25. Meanwhile, open interest has surged to a record high of $41 billion as speculative trading interest rises. Amid a bullish technical outlook supported by soaring derivatives market activity and $30 billion in daily trading volumes

Ethereum price eyes a breakout rally to $3,000 as it breaks out of a 30-day consolidation range.

ETH's open interest has surged to an all-time high of $41 billion as leveraged traders show conviction in a strong move.

Spot buying volumes may surge as the 50-day SMA nears a crossover with the 150-day SMA to confirm a buy signal.