The main dishes to remember:
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Ether’s price has rallied from 108% to $ 2,880 since April 9.
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The interests open to ETH have reached heights of $ 20 billion, reporting a bullish feeling.
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The bullish motif of the cup and the target ether sleeve $ 4,200.
The price of ether (ETH) gained 108% between April 9 and Wednesday, reaching $ 2,880 for the first time since February 8.
The open interest of term contracts on Ether reached its highest level Thursday, which led merchants to speculate if the ETH price could also come together to new heights of all time.
Future ethers show that traders is optimistic
The interest open to ETH (OI) (OI) (margina in cash) reached a new summit of more than $ 20 billion on Thursday, up 155% since April 9, according to Glassnode data.
The term contracts on the perpetual cash margin measure the total amount of funds (in USD value) allocated in open -end -term contracts which are guaranteed in cash. It helps to assess the level of market participation and the amount of risk capital in perpetual term contracts with cash flow.
The increase in open interests indicates increased market participation and new funds in the term contracts of the ETH.
This influx suggests growing confidence among merchants and investors, often a precursor of price gains as demand is strengthened.
Glassnode noted that merchants use stablescoins to obtain exposure to ETH via term contracts, reflecting a strategic passage at risk despite the withdrawal of prices of $ 2,800.
This occurs while Stablecoin’s market capitalization has reached a new summit of all time at $ 228 billion, up 17% since the start of the year.
Stablecoins are booming again.
The market capitalization reached a record of $ 228 billion, up $ 33 billion (+ 17%) in 2025.
Under the increase in commercial activities, increasing use of payments and clearer US regulation under Trump. pic.twitter.com/76zkj49uwb
– cryptotics.com (@cryptoquant_com) June 12, 2025
Ether wins on bitcoin
Eth Price has more than doubled since April 9, outperforming Bitcoin (BTC), the price of which increased by 44% compared to the US dollar during the same period.
The ETH / BTC pair, or the value of the Bitcoin ether, has also increased by almost 50% since April 9, reaching more than 14 weeks of 0.02623 on Wednesday. ETH / BTC is negotiated at around 0.02561 at the time of the editorial staff.
“$ ETH continues to show its strength because it is up 50% against #bitcoin from the bottom in April,” said MN Capital founder Michael Van de Poppe, in an article on Wednesday on X.
In relation: Bitcoin, eTh price reel after the cooling of inflation and the American-Chinese prices retreat
According to the merchant, the continuous force of the ETH suggests that the “bull market finally begins”. He added:
“I think we quite underestimate the potential of all this market.”
As Cointelegraph reported, the ETH / BTC strengthening structure could trigger an escape from the price of ether.
The eyes of the graphic of the cup graphic and the ether sleeve $ 4,200
The ETH / USD pair forms a cup graphic motif and round on its daily graphic period since February 12.
The pattern will be resolved when the price breaks down above the plug of the pattern, rallying to the length of the previous decline. The Daily Graphic ETH / USD below illustrates that the price has emerged from the handle and now retests the resistance to the neck at $ 2,800.
A decisive daily candlestick near the neck will erase the path to the technical target of the graphic model in force greater than $ 4,170 and beyond.
Analyst Daan Crypto Trades said that the level of $ 2,800 (coinciding with the neckline in the graph above), is “important” because it could trigger a large escape for the price of the ETH.
$ ETh The level of $ 2.8,000 is important throughout this cycle. He triggered the greatest movements after having removed or broken above / below.
So keep an eye on this area and monitor the raised lips or refusals. pic.twitter.com/san3b1xszj
– Daan Crypto Trades (@daancryptto) June 11, 2025
As Cointelegraph reported, Ether’s escape from a bull flag could lead to gains from 30% to $ 3,670.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
