Ethereum Price Forecast: ETH eyes yearly high of $4,093 Ethereum price (ETHUSD) is trading near the $3,700 level, showcasing a bullish trajectory that hints at a potential rally toward its yearly high resistance of $4,093. This momentum is supported by ETH’s Chicago Mercantile Exchange (CME) open interest growth, which has reached a record $17 billion, and an increased USDT supply on the Ethereum Main chain. Ethereum price today has risen over 3% in the last 24 hours and nearly 8% in the past week, reflecting growing market optimism.
Despite this, ETH news warns of possible volatility. Analyst ShayanBTC highlights an “alarming divergence” between Ethereum’s price and open interest. While the Ether price trajectory is bullish, this divergence could lead to liquidation cascades if ETH experiences a sudden downturn. Key support levels to watch are $3,660, $3,545, and $3,475.
On a brighter note, Ethereum prediction trends are bolstered by whale activity. On-chain data reveals that Ethereum whales holding 100,000 to 1,000,000 coins have purchased over 280,000 ETH recently, signaling confidence in the altcoin.
The expected trading range for ETH is between $3,560 support and $3,840 resistance. Ethereum price prediction for 2024 and Ethereum price prediction 2025 suggest further bullish potential, fueled by institutional interest and robust on-chain metrics.