Ethereum has demonstrated signs of a robust V-shaped recovery, with its price surging 28% over the past week and decisively breaking above the critical 50-week moving average. This technical milestone signals potential bullish momentum that could drive valuations toward the $4,000 threshold.
Market analysts are drawing parallels between Ethereum’s current trajectory and Bitcoin’s 2020–2021 bull cycle, observing strikingly similar breakout patterns. Volume spikes and improved price structure further reinforce the optimistic outlook, suggesting ETH may replicate Bitcoin’s historic parabolic rally phase.
The bullish sentiment is reinforced by record-breaking Ethereum Futures Open Interest, which reached $48.28 billion primarily led by activity on Binance. This heightened market participation coincides with strengthening network fundamentals and persistent institutional demand, contributing to Ethereum’s relative stability and upward strength despite broader market fluctuations.