Ethereum (ETH) has reclaimed the $3,000 mark, breaking a three-month consolidation phase.
The recovery comes as the crypto market gains bullish momentum, fueled by BTC’s new all-time highs.
After weeks of consolidation, Ethereum (ETH) has finally broken free, climbing back into the $3K zone for the first time in nearly three months. This surge comes as Bitcoin (BTC) recorded a fresh all-time high ($77,252) for the third day in a row, sparking a wave of optimism across the crypto market.
Ethereum’s recent rally reflects growing interest, with ETH’s open interest in futures climbing to $16.84 billion—just shy of its all-time high of $17.09 billion, reached in May. Following this, market speculation is building around the possibility of ETH revisiting the $4K mark by the year’s end.
ETH Futures Open Interest (Source: Coinglass)
Further, the asset’s upward momentum has intensified by Donald Trump’s recent election victory and a favorable 25-basis-point rate cut
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