Table of Contents
key takeaways:
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High network activity and a record stablecoin supply signal strong demand.
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Traders hope that Rali will be known to Rali at a high level of all time after breaking $ 4,000.
The price of Ether (Eth) rebuilt the level of $ 3,800 after a decline of $ 3,700 in the early Asian trading hours on Tuesday. Market analysts point to the major data matrix that suggests that “ETH is ready to explode” at high levels of all time.
Atherium records open interest at high levels
Etor Futures Open Interest (IO) hit a record high of $ 58 billion on Tuesday, indicating market participation and new money flowing in the Eth Futures Contract.
Agiget OI in Ether Futures is more than 10% in the last two days since 22 June. For reference, the three -month year, on April 29, Ether was OI $ 20.75 billion, when the price was around $ 1,800. Additionally, when Ether traded around $ 4,000 in December 2024, the ETH futures open interest was only $ 31.5 billion.
Connected: Developed Ath Futures Data indicates a potinual Rali up to $ 5K
This metric justice hit the new record high, suggesting the growing demand for leverage ath post.
“Open interest just a new all-time high. Price is climbing.
“This is not a normal breakout, it is fuel for a vertical mott.
Eth Oi Dominance has also “climbed by about 40%,” most in two years, Glasanode wrote in a post on X on Tuesday in the post.
“It marks a clear change in the speculative focus, with $ Btcto $ eth on the margin with the capital.”
#TheReum Open interest dominance has climbed up to 40%since April 2023, its highest level. $ BTC To $ Eth On the margin. pic.twitter.com/ynkle9gjkt
– Glasanode (@glassnode) 29 July, 2025
Network activity is “through the roof”
According to Nansen’s data, the network activity of the atherium has been increasing by 7.2% in the active address in the last 30 days in the last 30 days. The number of August’s transaction has also been invested up to 43.3 million up to 16% in the same period.
According to Defilma, the weekly dex volume also hit a 4 -month high of $ 22.6 billion, which was hit by app Revenue at a high level of 6 months high $ 89.8 million.
StabeCoin supply also reached a high of $ 132.5 billion on Tuesday, indicating being infallible and demand.
“Atherium network activity is passing through the ceiling,”
“This means that $ eth new ath is only a matter of time.”
Analysts hope that Ether “extended Rali”
The data of cointelegraph markets Pro and TradingView increased by 6% in the last seven days, showing Eth trading around $ 3,800.
As cointelegraph reported, breaking $ 4,000 is important for athpside potential and sets for a losable Rali for the new all-time high.
“$ Ath slowly creeps up for those cycles,” Dan Crypto Trades said in its latest ether analysis on X.
The merchant was referring to $ 4,000 resistance, which has reached the price of Sinnex several times in February 2024.
Daan Crypto trades explained that it would be “healthy” for Etho to consolidate this level before breaking this level, because the raly is suddenly alde.
“In this way, it gives more space for a large leg later.
The market analysts for bitcoiniansus, the ETH “is ready to explode” as it shows strength for a breakout above a multi-yundline.
“With sufficient speed, the breakout may be for a lot of prices for the atherium in the upcoming stages of this cycle,” he said.
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.
