- Analysts point to $3,200 amid current market strength.
- CME futures gaps remain critical to ETH’s trajectory.
- Uptrend accompanied by institutional interest and on-chain data.
Analysts identify unfilled CME futures gaps as a driving factor behind Ethereum’s upward momentum, potentially leading it to hit $3,200 soon.
The latest price surge for Ethereum results from continued bullish momentum, with experts highlighting the influence of unfilled CME futures gaps. Currently, Ethereum has broken past significant resistance levels on major exchanges.
Figures such as Michaël van de Poppe emphasize Ethereum’s breach of prior resistance levels, suggesting a trajectory toward $3,200. Meanwhile, the investor ecosystem remains optimistic about potential gains.
Ethereum’s upward movement has generated considerable interest, reflecting in active market participation and heightened trading volumes. Institutional inflow data supports further gains, with significant capital entering the Ethereum ecosystem.
ETH’s recent monetary performance reflects positive market sentiment, with an uptick in active addresses and institutional products. Moreover, the prevailing bullish trends, bolstered by metrics, continue to attract widespread attention across trading platforms.
Should Ethereum achieve the $3,200 threshold, market analysts predict possible further upward movement toward $4,000. Observers highlight the potential alignment with historical trends, emphasizing the role of futures gaps in shaping Ethereum’s market behavior.
Michaël van de Poppe, Cryptocurrency Analyst, stated, “I assume that Ethereum is following Bitcoin and will break to $3,000+” – Source