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With traders deploying 10 billion dollars in leverage, the price of Ethereum is expected to break through $3,760.
On Sunday, January 5th, the opening price of Ethereum reached a 18-day high of $3,650. Derivative market data shows that Ethereum traders have increased leveraged long positions, expecting further gains in the coming week.
As traders prepare to take more bullish actions, the price of Ethereum has risen to above $3,600.
Since early 2025, the price of Ethereum has been on the rise, reflecting the recovery of the cryptocurrency market. Compared to assets like Solana (SOL), the price of Cardano (ADA) and Avalanche (AVAX) has increased by over 20%. However, there was a negative outflow of 32.4 million USD from ETH ETF last week, resulting in a relatively smaller increase in ETH price.