Ethereum Futures Volume Surpasses Bitcoin Amid ETH Rally Toward Key Resistance Zone
2025-07-18 15:59:44
Main Idea
Ethereum futures volume has surpassed Bitcoin's, reaching $104.2 billion in 24 hours, as ETH price approaches a critical resistance zone between $3,650 and $3,800, indicating strong market interest and potential for further price movement.
Key Points
1. Ethereum futures volume hit $104.2 billion in 24 hours, exceeding Bitcoin's $67.5 billion, reflecting heightened trader focus on ETH.
2. ETH/USD is nearing a key resistance zone between $3,650 and $3,800, a level established around December 2024 highs.
3. A failure to break $3,800 could lead to a pullback, with support expected between $3,200 and $3,300.
4. A decisive close above $3,800 could propel ETH toward the $4,600 to $4,800 range, last year's highs.
5. The surge in futures volume and open interest suggests growing trader confidence and speculative activity in Ethereum.
Description
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