Rising Open Interest in ETH Futures Signals Breakout: How High Could ETH Go?

Ethereum has been range-bound since the start of this year but open interest in the native cryptocurrency has been rising of late – indicating the potential for a near-term breakout.

A close to 6.0% increase in open interest in ETH futures over the past 24 hours (as per CoinGlass data) shows heightened participation and activity.

Source: Brave New Coin Ethereum Liquid Index (ELX)

This often signals the potential for a significant move to the upside, particularly when it follows a period of consolidation as is currently the case with Eth.

Despite the recent surge in open interest, the price of Ethereum has so far failed to live up to expectations and print a new high, making it all the more reasonable to believe that it may soon rip significantly up from current levels.

A handful of other technical indicators also suggest bullish momentum in Ethereum. For example, the coin’s 4h chart shown below looks headed for a golden cross that investors tend to read as a sign of a price rally ahead.

Source: TradingView

Meanwhile, the Relative Strength Index sits at 52 at writing, indicating the potential move is skewed more towards the upside.

Investors should also note that the price of Ether is currently testing its 200-day MA. A sustainable close above this key level could further strengthen the case for a near-term breakout in ETH.

That’s part of the reason why industry giants like Deltec Bank expects Ethereum to hit $10,000 by the end of 2025.

Any investor worth his salt knows that technicals alone would perhaps fail to catalyze a sharp move up in Ethereum to $10,000 in 2025. But the good news for investors is that fundamentals are there to deliver the remaining push as well.

For example, there have been reports of the new US government exploring the idea of a national digital asset stockpile, which could potentially include several different cryptocurrencies.

Given that Ether currently is the world’s second-largest cryptocurrency by market cap – it’s reasonable to believe that it will likely be second only to Bitcoin if the Trump administration does indeed get serious about such an initiative.

Moreover, the Ethereum Foundation has been under fire for trimming its ETH holdings to fund operations instead of leveraging staking opportunities. In response, the non-profit organization is now considering staking about $1.0 billion worth of Ether – that may further help boost the price of this native cryptocurrency in 2025.

Finally, Ethereum is scheduled for the Pectra upgrade in March that’s broadly expected to bring a slew of improvements to the network’s scalability, efficiency, and user experience at large.

The upcoming upgrade could unlock new use cases and make the Ethereum blockchain more appealing for global participants in 2025. For investors, what it may mean is a higher price tag coupled with the ETH coin.

Note that Ethereum already is one of the most widely used blockchains known for its versatile smart contract capabilities that allow seamless creation of decentralized applications (Dapps).

Prominent names like Ubisoft, Ernst & Young, Visa, and even Microsoft have been using Ethereum for various blockchain-related initiatives.

Source: X.com

In conclusion, increased participation coupled with technical indicators point to significant potential upside in Ethereum at writing.

As technological advancements enhance its real-world utility and attract institutional investors to the network, ETH price could continue to hit new milestones in 2025.

Ethereum is increasingly being integrated in decentralized finance (DeFi) and non-fungible tokens (NFTs) that further highlights its versatility and potential for long-term growth.

Adding to the excitement is the upcoming Pectra upgrade that promises improved scalability and efficiency that may attract more developers as well as capital to the blockchain.

Together, these factors could see Eth hitting $10,000 by the end of 2025.