CryptoQuant: Ethereum could test $ 2500 level in the near future

Ethereum has steadily consolidated above $ 2100 after a daily rise, supported by activity in the derivatives market and renewed investor interest. This is the first sustained breakout of the $ 2000 mark in several weeks, and now the $ 2500 zone is becoming a key target for short-term traders.

One of the main drivers was a sharp jump in open interest in ETH futures. The increase in the number of active contracts indicates an inflow of new capital and expectations of strong fluctuations. The liquidation of short positions gave an additional impetus: forced redemptions of the asset created a chain reaction that accelerated the upward movement.

At the same time, there is an outflow of coins from centralized exchanges. According to CryptoQuant, large volumes of ETH were transferred to cold wallets during the month, which reduces the supply for instant trading. Against this backdrop, large investors continue to accumulate the asset, viewing current prices as a favorable entry point.

From a technical point of view, the key support level is $ 2023, and below it is $ 1901. Resistance is formed at $ 2175 and $ 2396. If the buying pressure persists, the market may test the psychological level of $ 2500, which corresponds to the $ 2525 zone in the chart analysis.

Additional attention was drawn to Бутерін" href="https:>Vitalik Buterin's comments. The co-founder of Ethereum emphasized the need to scale and develop «sanctuary» technologies to maintain the security and neutrality of the network. His warnings about some scaling solutions sparked a discussion among developers and may affect future ecosystem updates.