ETHEREUM CURRENT PRICE AND TRENDS đđđ
*Current Price and Trends*
Ethereum's price has surged 10% to $3,660, with increased capital inflows into ETH ETFs and a major uptick in its open interest and futures premium . This bullish momentum has investors setting their sights on $4,522.
*Market Sentiment and Analysis*
The Relative Strength Index (RSI) is trending upward, testing the overbought region line, indicating rising bullish momentum . Ethereum's open interest (OI) reached a new all-time high of 6.55 million ETH worth $23.34 billion, continuing its increased growth in the past two weeks .
*Key Resistance Levels*
Ethereum is testing an ascending trendline resistance extending from November 12. A breakout above this resistance could lead to a rally above its yearly high of $4,093 to $4,522 .
*What Affects Ethereum's Price?*
Ethereum's price can be affected by internal considerations specific to the protocol, such as positive developments associated with the protocol, which can boost the price of ETH . External factors, like market trends and global economic conditions, can also impact Ethereum's price.