Discover the latest update on Ethereum's $1 billion support, bullish derivatives market trend, and potential price forecast towards $3,760.
Ethereum (ETH) price is moving towards breaking the $3,760 level, with $1 billion worth of long leveraged trades supporting this movement. Since January 5, 2025, Ethereum hit its highest level in the past 18 days at $3,650. Traders have created more long positions in derivatives, predicting further price increases. Despite other cryptocurrencies like Solana (SOL), Cardano (ADA), and Avalanche (AVAX) experiencing over 20% growth, Ethereum has seen a modest increase. Even with weak demand for ETFs, Ethereum’s price continues its upward trend in 2025, reaching $3,656 on January 4, an 11% increase from the beginning of the year.
