Many traders are wondering how much Ethereum ($ETH ) will rise in the face of growth in derivatives.

On November 24, the open interest in Ethereum futures reached an all-time high of $20.8 billion. The total open positions in the ETH options market increased by 1.5% over the past day and exceeded $8 billion.$LRC $ENJ

However, despite the revival in the derivatives market, the price of Ethereum is correcting after a failed attempt by bulls to establish themselves above the resistance barrier at the $3500 level. A large number of sold coins indicates that the downward trend may continue in the short term.

However, an analyst known by the pseudonym EtherNasyonal believes that soon the price of ETH will soar. The expert drew an analogy with the situation observed in the market from 2016 to 2017, and put forward a hypothesis that:

At the beginning of 2025, the price of Ethereum will break the downward trend line, which will be around $3700;

Then a phase of exponential growth in the asset's value will begin, during which Ethereum will rise to at least $10,000 by the end of 2025.