Analyst predicts Ethereum's potential to hit $5,000 price level
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Furthermore, market data indicates a rising interest in Ethereum among traders and investors. According to CoinGlass, Open Interest in Ethereum has by 7.41% in the last 24 hours, reaching a notable $14.11 billion. This increase in Open Interest may signify a growing confidence in Ethereum's potential for further gains.
The Ethereum price reflects this optimistic sentiment, showing a robust recovery and a clear upward trajectory. After a successful retest of the $3,300 support level, Ethereum's price has been steadily climbing, with fewer resistance levels in sight, paving the way for potentially new all-time highs.but also a testament to Ethereum's growing ecosystem and its increasing relevance in the world of DeFi and beyond.
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