Ethereum’s 4 consecutive weeks of price rallies fuel bullish bets of $3200
CryptoSlate
Ethereum has surged for four weeks, driving traders to place significant bullish bets on a potential rally toward the $3,200 price level.Summary
Ethereum has experienced its longest period of growth in nearly a year, gaining 11% over four consecutive weeks and reaching its highest price since February. This momentum has shifted market focus toward the $3,200 mark, with derivatives data from Deribit showing significant open interest in call options at that strike price. While recent US spot Ethereum ETF inflows and positive order flow metrics suggest improving institutional demand, rising leverage ratios indicate increased speculative risk. A sustained breakout remains contingent on consistent spot buying and stabilized ETF flows to support these bullish positions.
(Source：CryptoSlate)