Ethereum open interest hits all-time high as trader predicts $30K price top

15 hours ago

Key takeaways:

Ether’s unfastened involvement has rallied 64% since June 22 to a grounds precocious of $46 billion.
Analysts accidental ETH could scope arsenic precocious arsenic $30,000 this cycle, with the near-term people astatine $4,000.

Ether (ETH) terms is up 6% connected Wednesday, reaching $3,170 for the archetypal clip since Feb. 1. This outperformed the broader cryptocurrency market, which gained 1.8% implicit the past 24 hours.

Meanwhile, Ether futures’ unfastened involvement has reached its highest level ever connected Wednesday, starring traders to acceptable ambitious ETH terms targets.

Ether unfastened involvement shows ETH traders are bullish

Ether futures open interest (IO) deed a grounds precocious of $46.58 cardinal connected Wednesday, indicating accrued marketplace information and caller wealth flowing into ETH futures contracts.

Aggregate OI successful Ether futures has accrued by 64% since June 22, up 31% implicit the past 7 days. For context, 3 months earlier, connected April 17, Ether’s OI was $17.95 cardinal with terms astatine $1,600. When Ether traded astir $4,000 successful December 2024, ETH futures unfastened involvement was $31.5 billion.

New all-time precocious levels present suggest accrued request for leveraged ETH positions and much superior entering the market.

Moreover, Ethereum web fees accrued by 109% to $12.40 cardinal implicit the past week, according to Nansen data.

Higher web fees not lone bespeak rising request for Ethereum, but besides summation the pain complaint of ETH. Since Ethereum’s built-in pain mechanism depends connected web activity, higher usage means much ETH is taken retired of circulation, adding tailwinds to the price.

Five-digit targets for ETH price top: Analysts

Data from Cointelegraph Markets Pro and TradingView shows ETH trading supra $3,000 for the sixth consecutive day, a level the bulls are turning into perchance beardown support.

As Cointelegraph reported, holding $3,000 is cardinal to ETH’s upside imaginable and sets the signifier for a imaginable rally to $18,000.

“I’ve wholly readjusted my expectations for $ETH this tally to apical retired betwixt $15K-$30K,” said pseudonymous trader DeFi Dad successful effect to Ether’s latest outperformance.

The trader added:

“I americium buying and holding ETH, believing we tin tally astatine minimum to $15K-$18K (20x from its debased successful 2022, 5-6x from here).”

Ethereum could outperform Bitcoin successful the 2nd fractional of the year, reaching $6,000 earlier 2026, said crypto capitalist John K. Davies, adding:

“The said forecast is highly blimpish to beryllium direct, and I surely judge it could beryllium overmuch higher, i.e. materially supra $10K by Q2 2026.”

Fellow chartist Crypto GEMs posted a side-by-side fractal that suggests Ether whitethorn travel a akin trajectory to its 2016-2017 marketplace cycle. From April’s debased of $1,400, Ether terms could spell connected a 330% parabolic run, perchance pushing ETH to arsenic precocious arsenic $6,000.

As Cointelegraph reported, the contiguous people for ETH remains $4,000 aft it broke supra the cardinal resistance portion betwixt $2,800 and $3,000.

This aligns with Mister Crypto’s investigation who says $4,000 ETH terms is each but guaranteed erstwhile bulls decisively interruption supra $3,150.

— Mister Crypto (@misterrcrypto) July 16, 2025

Meanwhile, institutional demand done spot Ethereum ETFs and ETH treasury companies remains strong, suggesting bullish marketplace sentiment.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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