$ETH Market is optimistic that Ethereum (ETH) price will continue to increase

Ethereum (ETH) is currently at a critical stage, facing resistance at $4,100.

If buyers can break this level and maintain the upward momentum, Ethereum could start a strong uptrend, reaching its all-time high.

Recent activity shows that Ethereum is performing well in the perpetual futures market. Indicators such as Funding ratio, total liquidation and open interest provide insight into the price trajectory of this cryptocurrency.

Analyzing the remarkable rise of ETH.

The analysis shows a notable increase in open interest and increased activity in the perpetual futures market. This increase correlates with a significant increase in the price of Ethereum. At the same time, the funding ratio value is positive, indicating that there are many active positions. This increased activity has served as the main driver behind Ethereum's recent price increase.

However, Ethereum (ETH) is facing a major test at the $4,000 resistance level. This level has important psychological significance and can lead to large fluctuations. This has caused many liquidations of long and short positions, demonstrating the precarious nature of the current market.

Market sentiment is optimistic about Ethereum's prospects

Despite the fluctuations, the overall market sentiment remains optimistic. Market participants are confident in the possibility of Ethereum continuing to rise.

However, before big moves, the market may need a period of accumulation and correction to profit from recent gains. #ETH #btc