Ethereum's price hit an 18-day peak at $3,650 on January 5, signaling positive trends for the cryptocurrency. As traders anticipate further gains, they have engaged in additional leverage LONG positions worth $1 billion. This move suggests confidence in Ethereum's continued upward trajectory, with expectations of breaking the $3,760 mark in the coming days. The derivatives market data supports this optimistic outlook, painting a bullish picture for Ethereum's near future.
