Ethereum has crossed the $3,500 mark for the first time since July 2024, but analysts warn of possible market volatility.
Ethereum Price Surge
In the past week, Ethereum has seen a rise, hitting $3,700, marking a significant moment for the 'king of altcoins' after a slowdown in early November.
Futures Market Concerns
According to analyst ShayanBTC on the CryptoQuant platform, despite an optimistic path, investors should remain cautious. Ethereum's futures open interest has reached a record high of $17 billion, signaling volatility and potential liquidations.
Whale Market Activity
Despite the risks, analyst Ali Martinez noted substantial activity from large investors. In the past four days, significant holders have acquired over 280,000 coins, suggesting confidence in Ethereum's future.
Ethereum showcases significant growth, accompanied by both positive and alarming signals. Investors should consider potential market changes.
