ETH Data and the Return of Investors' Risk Appetite Pave the Way for an Ether Price of $5,000
Robust on-chain activity, a resilient futures market, and improved investor optimism increase the likelihood of ETH reaching $5,000.
ETH Data and the Return of Investors' Risk Appetite Pave the Way for an Ether Price of $5,000 Market Analysis
Key Points:
Ethereum network activity increased by 63% in 30 days, reinforcing the case for an imminent breakout to $5,000.
Open interest in Ether futures jumped to $69 billion, highlighting strong demand for leveraged exposure.
Ether
ETH
€4145
surged to its highest level in nearly four years on Friday, triggering $351 million in liquidations of leveraged bearish bets. This surge came after investors priced in a less restrictive monetary policy in the United States, following statements from U.S. Federal Reserve Chairman Jerome Powell. Will this momentum finally push ETH beyond the $5,000 barrier?
