Data from CryptoQuant shows that futures open interest has reached levels not seen since its previous peaks, signaling heightened institutional activity. Traders view this as a potential precursor to stronger price volatility ahead.

At press time, ETH is trading at $4,678, reflecting a 9.4% gain over the past week. The asset maintains a market capitalization of $564.6 billion, with 24-hour trading volumes exceeding $34 billion. Despite a slight dip in daily volume, market momentum remains robust.

Technical indicators reinforce the bullish outlook. On the daily chart, Ethereum has been climbing steadily since May, with relative strength index (RSI) readings hovering above 60 — a sign of growing demand but still shy of extreme overbought conditions. The price is currently consolidating after a strong rally, hinting at the possibility of another upward move if buying pressure continues.

Market analysts suggest that the rise in CME open interest indicates stronger participation from institutional players, who may be positioning ahead of potential catalysts such as broader ETF adoption or favorable macroeconomic conditions. Historically, spikes in futures activity have often preceded significant directional moves in Ethereum’s price.

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If ETH can hold above the $4,600–$4,700 range, traders are eyeing the $5,000 level as the next major resistance zone. A breakout above this threshold could pave the way for fresh all-time highs. On the other hand, a rejection at current levels may lead to short-term consolidation around $4,300–$4,400 before the next attempt higher.

With institutional engagement heating up and technical indicators supporting momentum, Ethereum appears to be gearing up for an important test that could shape its trajectory for the rest of 2025.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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