đ„đ„đ„ Ethereum outperforms top 20 cryptos as it targets $2,817
Ethereum Outperforms Top Cryptos After Fed Rate Cut, Eyes $2,817
- Ethereum ($ETH ) has surged 16% following the Federal Reserveâs 50 basis point rate cut, outperforming #Bitcoin's 7% and #solana's 10% gains. Breaking the $2,595 resistance level, ETH is now targeting $2,817, with rising open interest signaling growing investor confidence.
Market Movement & Open Interest
- Ethereumâs open interest has surged to $12.37 billion, approaching pre-August crash levels, reflecting renewed optimism. Despite recent outflows, Ethereum ETFs saw inflows later in the week.
Price Targets
- ETH is trading around $2,648, with technical indicators suggesting it could rise to $2,706 and challenge $2,817. If it breaks $2,817, the price could push past $3,000, but a drop below $2,595 may lead to a pullback toward $2,395.
Source - fxstreet.com
