Key points:
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Ether Futures open interest soared 40% in 30 days, while spot ETEF inflows for four consecutive weeks.
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ETH’s Gauss Channel metric suggests that it may occur between Rs 3,100 and $3,600.
Ethereum’s local token, Ethereum (ETH)Over the past 30 days, $2,300 to $2,800 have been merged, but this side phase may end. The 4-hour chart shows ETH retention support for the 200-day exponential moving average (EMA), and the price forms a hidden bullish difference from the relative strength index (RSI). When prices form higher lows, hidden bullish differences occur, while indicators like RSI form lower lows, indicating a trend breakout.
Ether Futures Open interest (OI) from Small shop From $26 billion in the past 30 days to 40% to $36 billion, reflecting growing trader confidence in price consolidation, a pattern that is often groundbreaking.
Live Ethereum ETFs surge as BlackRock continues to buy
Spot Ethereum Exchange Fund (ETF) mark Their net inflow for the fourth consecutive week increased by 97,800 ETH, increasing total holdings to 3.77 million ETH.
Meanwhile, Blackrock quietly amassed Ethereum, holding 1.5 million ETH ($2.71 billion) in Onchain’s detention and dominance asset. This asset management company has purchase Ethereum’s $500 million in the past 10 days reflects institutional beliefs of altcoins, although its price is below its all-time high of 48%.
COINTELEGRAPH Report Ethereum-based investment products sparked inflows of crypto ETP last week, which attracted $296 million despite the slowdown in the market. It was the seventh consecutive week of inflows, the best victory since President Trump’s 2024 election, and Ether ETP now accounts for more than 10.5% of total ETP assets under management. Coinshares also noted that investor sentiment has recovered significantly.
Related: Ethereum Privacy Roadmap proposes EU GDPR-SAFE blockchain design
ETH returns to Gaussian channel centerline
ETH price has also returned to the midline of the Gaussian channel, which is a dynamic market trend indicator. Gaussian or normal distribution channels map price changes in the dynamic range to adapt to market fluctuations.
Historically, rallies occur when Ethereum exceeds its Gaussian channel midline. For example, in 2023, ETH soared 93% to $4,000 after such crossovers, while in 2020, it soared 1,820%.
Since ETH stabilizes at $2,570 on this key metric, if the momentum maintains momentum, technical analysis predicts that it could push to $3,100 to $3,600 and backed by the channel with the historical accuracy of forecasting short-term earnings.
Related: Price Forecast 6/9: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, DOGE, ADA, HYPE
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
