Ethereum: What’s standing between ETH and $3K? – Data suggests…

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.