{"id":307367,"date":"2024-05-22T19:11:30","date_gmt":"2024-05-22T13:41:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/eth-rally-to-10000-imminent-crypto-news\/"},"modified":"2024-05-22T19:16:23","modified_gmt":"2024-05-22T13:46:23","slug":"eth-rally-to-10000-imminent-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eth-rally-to-10000-imminent-crypto-news\/","title":{"rendered":"ETH Rally To $10,000 Imminent? – Crypto News"},"content":{"rendered":"

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Investors are extremely optimistic ahead of the potential approval of spot Ethereum ETFs<\/span><\/a>. The hype around the green light was reignited on Monday after\u00a0 <\/span>ETF analysts revised their prediction to a 75% chance from 25%. Crypto prices rallied in general with Ether taking the lead towards the psychological resistance at $4,000. Based on the current Ethereum price forecast, the market is thawing with optimism for a large breakout eyeing new record highs around $5,000.<\/p>\n

Ethereum hovered at $3,715 on Wednesday, sustaining a 1.8% drop in 24 hours. A 32% dip in the trading volume to $29 billion according to CoinMarketCap<\/span><\/a> backs the intent to sell the news and take early profits.<\/p>\n

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Ethereum Price Forecast As Open Interest Soars To $15B<\/h2>\n

Following the activation of the Ethereum ETF frenzy, open interest in the ETH<\/span><\/a> futures market soared to $14.87 billion from $11.25 billion, representing a 24.3% growth in three days.<\/p>\n