Ethereum shows strong growth potential, despite not hitting new highs. Key indicators like leverage ratio and funding rates point towards market confidence. Institutional investors and regional buying trends back Ethereum’s bullish outlook.
Bitcoin open interest hits a record $19.8 billion, with analysts predicting a potential rally to $100K. The surge indicates strong trader sentiment and liquidity influx. While some foresee major price increases, others urge caution, emphasizing the need for Bitcoin to break out of its current downtrend channel.
Analyst Crypto Rover predicts Bitcoin will hit $290,000 in the upcoming bull run due to increased institutional demand and bullish market patterns, including the inverse head and shoulders pattern and favorable Q4 trends. Current metrics also indicate strong buying power among traders, supporting the optimistic outlook.