Ethereum: What’s standing between ETH and $3K? – Data suggests…
2025-07-11 04:15:48
Main Idea
Ethereum (ETH) is showing bullish momentum with a recent surge past $2,800, driven by increased institutional interest and liquidity, with limited resistance levels ahead.
Key Points
1. Ethereum (ETH) broke past $2,800, gaining over 7% in the last 24 hours, with a significant surge in market liquidity.
2. Open Interest (OI) on CME surged to $3.27 billion, the highest since February 2, 2025, indicating growing institutional capital inflow.
3. ETH spot ETFs accumulated $211 million worth of ETH, the largest single-day purchase since June 6, fueling the rally.
4. IntoTheBlock's IOMAP shows only two resistance levels between $3,222.13 and $4,816.30, with relatively low sell volume.
5. Depositing Addresses on centralized exchanges dropped to 23,000, suggesting fewer funds sent to exchanges, a historically bullish signal.
Description
ETH is showing clearer signs of bullish momentum across the market.
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