Ethereum’s Rally Surpasses Bitcoin: $2,000 Price Target Looms

Ethereum’s price surged 15% reaching over $1,800, overshadowing Bitcoin’s gains. Futures open interest climbed to $21.92 billion, reflecting strong bullish sentiment. Institutional inflows and decreased short positions bolster confidence, while technical analysis suggests minimal resistance up to $2,000, despite potential pullback risks.

Ethereum has soared 15% within 24 hours, surpassing the $1,800 mark, reflecting stronger performance than Bitcoin, which gained 6% in the same period. The entire cryptocurrency market has also demonstrated resilience, regaining a total market cap of $3 trillion. Notably, the rise in Ethereum’s price is accompanied by an uptick in futures open interest, reaching $21.92 billion, indicating bullish sentiment among traders.