Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-price-surpasses-3500-as-open-positions-reach-new-heights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Surpasses $3,500 as Open Positions Reach New Heights</a><br></p>
<p style="text-align: justify">Ethereum (ETH) price has increased by 5% in the last 24 hours, surpassing the $3,500 mark. Meanwhile, Bitcoin is trading around $98,500, facing resistance near the $100,000 threshold.</p>
<h2 id="ethereum-open-positions-hit-record-highs">Ethereum Open Positions Hit Record Highs</h2>
<p style="text-align: justify">Velte Lunde, Research Director at K33 Research, reported that open positions in CME’s Ether futures have nearly doubled since the last election, reaching record levels. In recent days, the Ether futures premium has surpassed that of Bitcoin, resulting in significant changes in market dynamics.</p>
<p style="text-align: justify">The ETH/BTC pair holds critical importance in determining future movements. Following Trump’s victory, Ethereum underperformed compared to other altcoins during the <a href="https://en.coin-turk.com/canada-extends-compliance-deadline-for-cryptocurrency-exchanges-to-safeguard-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> rally. After rising to $3,400 earlier this month, the price of ETH retreated to around $3,000 due to selling by Ethereum whales, before recovering.</p>
<h2 id="eth-price-aims-for-10-000">ETH Price Aims for $10,000</h2>
<p style="text-align: justify">With strong technical performance on charts, Ethereum’s price has surpassed the $3,375 resistance. Crypto analysts and market participants have set the initial target for Ethereum at $4,000. Some analysts also predict that it may reach a target of $6,500 by the end of the second quarter of 2025.</p>
<p style="text-align: justify">Michaël van de Poppe noted that ETH price has not yet broken upward and needs to surpass a critical resistance level. According to him, breaking the 0.036 level in ETH/BTC and establishing support would be an important step for a potential upward movement.</p>
<p style="text-align: justify">According to Coinglass data, Ether open positions have reached $21.73 billion, up 5.74%. Additionally, liquidations in the last 24 hours have risen to $47.5 million, with $24.47 million from short positions and $23 million from long positions.</p>
<p style="text-align: justify">Ethereum’s recent performance and changes in market dynamics continue to attract investor attention. Particularly, the ETH/BTC pair and future price targets seem poised to play a significant role in the <a href="https://en.coin-turk.com/crypto-market-experiences-dramatic-fall-bitcoin-btc-and-altcoins-in-decline/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/arthur-hayes-predicts-secret-us-dollar-printing-before-elections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market. Investors believe that with ETH’s strong fundamentals and increasing interest, prices may move positively in the upcoming period.</p>
<p>The post <a href="https://en.coin-turk.com/ethereum-price-surpasses-3500-as-open-positions-reach-new-heights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Surpasses $3,500 as Open Positions Reach New Heights</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum Price Surpasses $3,500 as Open Positions Reach New Heights

Table of Contents

COINTURK NEWS

Other articles published on Nov 25, 2024

President EXE and $AIMAGA Token: A New Era in AI-Driven Entertainment and Cryptocurrency

Crypto Liquidations Hit $494M: Bitcoin Suffers, but Can Altcoins Surge Next?

WIF Coin Prices Surge Following Robinhood Listing

Renowned Analyst Predicts Hard-to-Believe Price Prediction for Binance-Listed Altcoin If Rally Tr...

MicroStrategy Outperforms S&P 500: Bitcoin Strategy Fuels 509% Growth!

Missed the Dogecoin Train? This Best New Meme Coin Presale is All About Bulls

Join our free newsletter for daily crypto updates!