3 Data Points Shape ETH’s Next Breakout to $4K
Three key data points suggest Ether is poised for a breakout toward $4,000, driven by healthy spot demand and reduced leverage risk.Summary
Ether's recent price action suggests a potential move toward $4,000, supported by three main data indicators. First, aggregated open interest (OI) for Ether futures has rebounded to pre-drawdown levels, indicating traders are rebuilding exposure, though the estimated leverage ratio has decreased from a peak of 0.79 to 0.67, suggesting healthier positioning with lower liquidation risk. Second, the recent rally is underpinned by rising spot cumulative volume delta (CVD), signaling durable demand from net market buying in the spot market rather than speculative futures positioning. Third, macro signals and on-chain conviction add tailwinds; for instance, significant ETH staking continues, and the Russell 2000 index hitting a new high historically precedes ETH price discovery. Analysts suggest that if ETH successfully holds major weekly resistance as support, $4,000 becomes the next significant hurdle for a major price expansion.
(Source：Cointelegraph)