CryptoQuant analysts predict Ethereum growth to $ 6800

Ethereum ETH $4,540.40 Bridged Ether (StarkGate) 2.69% Market capitalization $0.11 billion VOL. 24 hours $1.69 billion continues to grow in value and attracts more and more attention from institutional investors. According to CryptoQuant, the open interest (OI) in ETH futures on the Chicago Mercantile Exchange (CME) has reached record levels, indicating strong demand from major players.

An analyst under the name PelinayPA noted that in 2021−2022, volumes were low and mostly concentrated in short-term contracts, and during the bear market of 2022, OI fell sharply. The situation began to change in 2023−2024: the number of medium-term contracts (3−6 months) increased, indicating that institutional confidence was restored.

As of 2025, OI has again reached an all-time high, and the price of ETH is hovering around $ 4,500−5,000. This is considered direct evidence of institutional «FOMO» (fear of missing out). At the same time, the analyst warns that a large concentration of short-term contracts can lead to increased volatility and the risk of liquidations.

Despite possible short-term corrections, the medium- and long-term outlook for Ethereum remains bullish. According to PelinayPA, ETH could reach $ 6,800 by the end of 2025 if there is no significant deterioration in the global macroeconomic situation.

Additional positive factors for ETH are the reduction of supply on exchanges due to the outflow of coins from Binance and record staking volumes on the network, which have already exceeded 36 million ETH. At the time of publication, the price of Ethereum was around $ 4,409.