Ethereum ETH/USD is continuing its rally, buoyed by record-breaking ETF inflows and positive market sentiment, with traders remaining bullish on its future performance.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Ethereum ETH/USD | $3,738.69 | $450.3 billion | +3.7% | +7.9% |
| Bitcoin BTC/USD | $96,273.28 | $1.9 trillion | +1.5% | +3.2% |
| XRP XRP/USD | $2.61 | $148.8 billion | -6.7% | +83% |
Trader Notes: Crypto trader The Moon Show highlighted Ethereum’s bullish structure, noting a bounce off ascending support and the formation of a potential 4-hour double bottom.
He projected that breaking resistance could send ETH to $3,900.
Widely-followed trader Jelle emphasized that Ethereum’s recent resistance has now turned into support, forecasting a push beyond $5,000.
On a more cautious note, chart analyst Ali Martinez suggested $3,300 as a potential support level and buying opportunity in the event of a pullback. He reiterated his mid-term target of $6,000 and a long-term outlook of $10,000.
Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.1% and daily active addresses falling by 1.6%.
Transactions greater than $100,000 remained relatively flat at 9,874 over the past 24 hours. Exchanges netflows are down by 16.1%.
92% of ETH holders are in profit, with 8% at breakeven.
Coinglass data reports long liquidations hitting a low of $4 million, the lowest since late October. Open interest is at an all-time high of $23.8 billion.
CoinShares reported $634 million in Ethereum inflows over the past week, pushing year-to-date inflows to $2.2 billion.
Community News: Ethereum founder Vitalik Buterin addressed the importance of improving security and privacy for decentralized wallets in his latest blog post.
He also proposed standardizing address formats across Layer-2 (L2) networks like Optimism and Arbitrum to streamline token transfers between networks.
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