• bitcoinBitcoin(BTC)$117,938.000.17%
  • ethereumEthereum(ETH)$3,806.211.51%
  • rippleXRP(XRP)$3.130.45%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$809.49-1.11%
  • solanaSolana(SOL)$181.770.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,800.951.65%
  • dogecoinDogecoin(DOGE)$0.2249750.30%
  • tronTRON(TRX)$0.3389355.25%
  • cardanoCardano(ADA)$0.790.31%
  • Wrapped stETHWrapped stETH(WSTETH)$4,595.691.51%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,924.000.35%
  • HyperliquidHyperliquid(HYPE)$43.38-0.33%
  • stellarStellar(XLM)$0.4221991.29%
  • suiSui(SUI)$3.79-2.86%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,067.540.48%
  • bitcoin-cashBitcoin Cash(BCH)$570.01-1.41%
  • hedera-hashgraphHedera(HBAR)$0.263591-0.98%
  • Wrapped eETHWrapped eETH(WEETH)$4,076.981.68%
  • avalanche-2Avalanche(AVAX)$24.42-0.47%
  • WETHWETH(WETH)$3,804.661.31%
  • litecoinLitecoin(LTC)$109.230.98%
  • leo-tokenLEO Token(LEO)$8.96-0.07%
  • the-open-networkToncoin(TON)$3.354.47%
  • Ethena USDeEthena USDe(USDE)$1.000.16%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.02%
  • USDSUSDS(USDS)$1.000.02%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.01%
  • whitebitWhiteBIT Coin(WBT)$44.100.29%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,915.000.26%
  • uniswapUniswap(UNI)$10.441.52%
  • polkadotPolkadot(DOT)$3.90-0.94%
  • moneroMonero(XMR)$316.34-0.80%
  • bitget-tokenBitget Token(BGB)$4.55-0.10%
  • pepePepe(PEPE)$0.000012-2.34%
  • crypto-com-chainCronos(CRO)$0.1446701.68%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.01%
  • aaveAave(AAVE)$283.29-0.96%
  • daiDai(DAI)$1.000.00%
  • EthenaEthena(ENA)$0.58-3.98%
  • BittensorBittensor(TAO)$382.38-3.75%
  • nearNEAR Protocol(NEAR)$2.721.06%
  • ethereum-classicEthereum Classic(ETC)$21.860.70%
  • Pi NetworkPi Network(PI)$0.427153-2.33%
  • aptosAptos(APT)$4.57-0.66%
  • OndoOndo(ONDO)$0.96-2.02%
  • internet-computerInternet Computer(ICP)$5.46-0.25%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$221.920.27%
  • okbOKB(OKB)$48.04-1.13%
  • mantleMantle(MNT)$0.77-2.20%
  • kaspaKaspa(KAS)$0.095922-0.51%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.037776-5.06%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,812.971.42%
  • algorandAlgorand(ALGO)$0.2612850.37%
  • bonkBonk(BONK)$0.000029-9.54%
  • USD1USD1(USD1)$1.00-0.16%
  • arbitrumArbitrum(ARB)$0.423713-0.39%
  • vechainVeChain(VET)$0.0252633.43%
  • cosmosCosmos Hub(ATOM)$4.580.23%
  • gatechain-tokenGate(GT)$17.63-0.68%
  • render-tokenRender(RENDER)$3.91-2.36%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.221700-1.35%
  • fasttokenFasttoken(FTN)$4.58-0.46%
  • worldcoin-wldWorldcoin(WLD)$1.08-2.15%
  • Official TrumpOfficial Trump(TRUMP)$9.49-0.63%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.710.09%
  • SPX6900SPX6900(SPX)$1.99-3.88%
  • sei-networkSei(SEI)$0.3181450.49%
  • SkySky(SKY)$0.086184-3.37%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$193.810.10%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,345.461.21%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • filecoinFilecoin(FIL)$2.57-0.10%
  • quant-networkQuant(QNT)$120.98-0.18%
  • flare-networksFlare(FLR)$0.0246682.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,989.981.16%
  • StoryStory(IP)$5.683.70%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,708.00-0.26%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$5.060.24%
  • xdce-crowd-saleXDC Network(XDC)$0.09968111.51%
  • JupiterJupiter(JUP)$0.54-0.58%
  • kucoin-sharesKuCoin(KCS)$11.34-1.04%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$4,021.960.90%
  • Mantle Staked EtherMantle Staked Ether(METH)$4,070.561.63%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,112.371.54%
  • injective-protocolInjective(INJ)$14.09-1.42%
  • curve-dao-tokenCurve DAO(CRV)$0.99-0.09%
  • USDT0USDT0(USDT0)$1.000.10%
  • CelestiaCelestia(TIA)$1.85-1.22%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.23%
  • nexoNEXO(NEXO)$1.320.27%
  • optimismOptimism(OP)$0.72-1.37%
  • Renzo Restaked ETHRenzo Restaked ETH(EZETH)$4,004.771.66%
  • blockstackStacks(STX)$0.78-0.23%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.02%
  • Falcon USDFalcon USD(USDF)$1.000.00%
  • bitcoinBitcoin(BTC)$117,938.000.17%
  • ethereumEthereum(ETH)$3,806.211.51%
  • rippleXRP(XRP)$3.130.45%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$809.49-1.11%
  • solanaSolana(SOL)$181.770.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,800.951.65%
  • dogecoinDogecoin(DOGE)$0.2249750.30%
  • tronTRON(TRX)$0.3389355.25%
  • cardanoCardano(ADA)$0.790.31%
  • Wrapped stETHWrapped stETH(WSTETH)$4,595.691.51%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,924.000.35%
  • HyperliquidHyperliquid(HYPE)$43.38-0.33%
  • stellarStellar(XLM)$0.4221991.29%
  • suiSui(SUI)$3.79-2.86%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,067.540.48%
  • bitcoin-cashBitcoin Cash(BCH)$570.01-1.41%
  • hedera-hashgraphHedera(HBAR)$0.263591-0.98%
  • Wrapped eETHWrapped eETH(WEETH)$4,076.981.68%
  • avalanche-2Avalanche(AVAX)$24.42-0.47%
  • WETHWETH(WETH)$3,804.661.31%
  • litecoinLitecoin(LTC)$109.230.98%
  • leo-tokenLEO Token(LEO)$8.96-0.07%
  • the-open-networkToncoin(TON)$3.354.47%
  • Ethena USDeEthena USDe(USDE)$1.000.16%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.02%
  • USDSUSDS(USDS)$1.000.02%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.01%
  • whitebitWhiteBIT Coin(WBT)$44.100.29%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,915.000.26%
  • uniswapUniswap(UNI)$10.441.52%
  • polkadotPolkadot(DOT)$3.90-0.94%
  • moneroMonero(XMR)$316.34-0.80%
  • bitget-tokenBitget Token(BGB)$4.55-0.10%
  • pepePepe(PEPE)$0.000012-2.34%
  • crypto-com-chainCronos(CRO)$0.1446701.68%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.01%
  • aaveAave(AAVE)$283.29-0.96%
  • daiDai(DAI)$1.000.00%
  • EthenaEthena(ENA)$0.58-3.98%
  • BittensorBittensor(TAO)$382.38-3.75%
  • nearNEAR Protocol(NEAR)$2.721.06%
  • ethereum-classicEthereum Classic(ETC)$21.860.70%
  • Pi NetworkPi Network(PI)$0.427153-2.33%
  • aptosAptos(APT)$4.57-0.66%
  • OndoOndo(ONDO)$0.96-2.02%
  • internet-computerInternet Computer(ICP)$5.46-0.25%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$221.920.27%
  • okbOKB(OKB)$48.04-1.13%
  • mantleMantle(MNT)$0.77-2.20%
  • kaspaKaspa(KAS)$0.095922-0.51%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.037776-5.06%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,812.971.42%
  • algorandAlgorand(ALGO)$0.2612850.37%
  • bonkBonk(BONK)$0.000029-9.54%
  • USD1USD1(USD1)$1.00-0.16%
  • arbitrumArbitrum(ARB)$0.423713-0.39%
  • vechainVeChain(VET)$0.0252633.43%
  • cosmosCosmos Hub(ATOM)$4.580.23%
  • gatechain-tokenGate(GT)$17.63-0.68%
  • render-tokenRender(RENDER)$3.91-2.36%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.221700-1.35%
  • fasttokenFasttoken(FTN)$4.58-0.46%
  • worldcoin-wldWorldcoin(WLD)$1.08-2.15%
  • Official TrumpOfficial Trump(TRUMP)$9.49-0.63%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.710.09%
  • SPX6900SPX6900(SPX)$1.99-3.88%
  • sei-networkSei(SEI)$0.3181450.49%
  • SkySky(SKY)$0.086184-3.37%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$193.810.10%
  • rocket-pool-ethRocket Pool ETH(RETH)$4,345.461.21%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • filecoinFilecoin(FIL)$2.57-0.10%
  • quant-networkQuant(QNT)$120.98-0.18%
  • flare-networksFlare(FLR)$0.0246682.01%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,989.981.16%
  • StoryStory(IP)$5.683.70%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,708.00-0.26%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$5.060.24%
  • xdce-crowd-saleXDC Network(XDC)$0.09968111.51%
  • JupiterJupiter(JUP)$0.54-0.58%
  • kucoin-sharesKuCoin(KCS)$11.34-1.04%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$4,021.960.90%
  • Mantle Staked EtherMantle Staked Ether(METH)$4,070.561.63%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$4,112.371.54%
  • injective-protocolInjective(INJ)$14.09-1.42%
  • curve-dao-tokenCurve DAO(CRV)$0.99-0.09%
  • USDT0USDT0(USDT0)$1.000.10%
  • CelestiaCelestia(TIA)$1.85-1.22%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.23%
  • nexoNEXO(NEXO)$1.320.27%
  • optimismOptimism(OP)$0.72-1.37%
  • Renzo Restaked ETHRenzo Restaked ETH(EZETH)$4,004.771.66%
  • blockstackStacks(STX)$0.78-0.23%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.02%
  • Falcon USDFalcon USD(USDF)$1.000.00%

Ether (ETH) is showing strong bullish momentum, with both price action and futures data suggesting further upside potential. The cryptocurrency has rallied over 100% since April lows, outpacing Bitcoin and the broader market, as investors eye the possibility of a breakout toward $4,000 and beyond.

Ether Surges 108% Since April, Outperforms Market

ETH has seen an impressive rally, climbing 108% from its April 9 low to reach $2,880, a level not seen since February 8. In contrast, the broader cryptocurrency market has gained 49% during the same period, highlighting Ether’s relative strength. At the time of writing, ETH is trading at around $2,752.

This surge has outperformed Bitcoin (BTC), which gained 44% in the same period. Ether’s strength against Bitcoin is also evident in the ETH/BTC pair, which has risen nearly 50% since April 9, reaching a 14-week high of 0.02623. Currently, the pair trades near 0.02561.

ETH futures open interest: USD. Source: Glassnode
ETH futures open interest: USD. Source: Glassnode

Michael van de Poppe, founder of MN Capital, commented on the trend, stating, “$ETH continues to show strength as it’s up 50% against #Bitcoin since the low in April. I think we’re fairly underestimating the potential of this entire market.”

Futures Open Interest Signals Bullish Sentiment
ETH futures open interest (OI) hit a new all-time high of over $20 billion on Thursday, marking a 155% increase since April 9, according to data from Glassnode. This rise in OI indicates increased market participation and suggests that new money is flowing into ETH futures contracts, a sign of growing confidence among traders and investors.

The metric, known as “Futures OI Cash Margin Perpetual,” measures the total USD value allocated in open perpetual futures contracts collateralised with cash. A rising OI in this context reflects enhanced risk appetite and bullish sentiment in the market.

Additionally, the rise in stablecoin market capitalisation, now at a record $228 billion and up 17% year-to-date, supports this trend. Traders are reportedly using stablecoins to gain exposure to ETH via futures contracts, reflecting a strategic shift toward risk-on positioning despite recent price volatility.

ETH/BTC Pair Strengthens, Supporting Bullish Outlook
The strong performance of ETH relative to BTC is reinforcing expectations of an extended Ether rally. ETH/BTC’s strengthening structure suggests a breakout may be imminent, as noted by market analysts.

“The continuous strength of ETH suggests that the bull market is finally starting,” van de Poppe added, underlining growing optimism in the altcoin sector.

Technical Pattern Suggests Move to $4,200
Ether’s price action is also supported by bullish technical patterns. Since February 12, ETH/USD has been forming a classic cup-and-handle pattern on the daily chart. The price has now broken out of the handle and is retesting the neckline resistance near the $2,800 mark.

A decisive daily close above this level would confirm the breakout, paving the way for a rally toward the technical target of approximately $4,170, the height of the cup formation projected upwards from the breakout point.

Crypto analyst Daan Crypto Trades highlighted the significance of this level, stating that $2,800 is a key resistance point that could trigger a major price breakout.

ETH/BTC ratio.
ETH/BTC ratio. 

Additionally, earlier analysis pointed to a possible breakout from a bull flag pattern, which could send ETH to $3,670, about 30% higher from current levels.

Outlook: Momentum Building for Further Gains
With rising futures open interest, strengthening ETH/BTC ratio, and bullish chart formations, Ether appears poised for further gains. The combination of strong investor sentiment and supportive technical indicators makes a compelling case for a continued rally.

While a breakout above $2,800 is crucial, the data suggests that a move toward $4,000, and potentially higher, is within reach in the coming weeks, provided broader market conditions remain favourable.

As the second-largest cryptocurrency by market capitalisation, Ether’s performance could be a leading indicator for the altcoin market at large, marking the early phases of a broader crypto bull cycle.

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