Ethereum's price has experienced a retracement of over 15% in the past two weeks, stabilizing around $3,375. Despite this dip, optimism remains high as Ethereum is expected to rally toward $5,232, especially with open interest reaching an all-time high. This bullish sentiment is fueled by the strong market dynamics surrounding Ethereum, making it a large-cap altcoin with a total valuation exceeding $406 billion.
Ethereum's 24-hour trading volume has hovered around $23 billion, indicating substantial market activity. The prospect of a significant price surge is keeping investors interested, highlighting the potential for Ethereum to reach new heights in the coming months.
