Ethereum’s (ETH) strong investor interest has led to a potential rally to $3,366 and possibly even reaching new all-time highs by the end of the year. This upswing in Ethereum’s open interest (OI), the influx of Ethereum ETFs, and the impact of exchange reserves indicate a bullish sentiment in the market.
With a nearly 20% increase in open interest, Ethereum’s price rally, and institutional interest, ETH could continue to rally, potentially reaching its projected $3,366 mark. However, an increase in exchange reserves might pose potential headwinds, and ETH’s price trajectory may continue upward, bringing its target closer within reach.
