ethereum is now demonstrating constant price growth, registering a 6% increase in the last day as the wider cryptocurrency market recovered. This ascending impulse follows the news of an executive order of the United States that establishes a storage of national digital assets, which contributes to a positive market environment.
In the midst of this backdrop, the cryptocant analyst ShayanBTC has provided a new perspective in the current trajectory of ethereum. Shayan highlights an interesting divergence between the growing open interest in the future of ethereum and the price, which has not yet reached the previous top.
Future market in growth and divergent price action
According to Shayan in a recently charged publication in the Cryptochar interest among merchants.
<img src="https://technicalterrence.com/wp-content/uploads/2025/01/Ethereum-is-consolidated-but-open-interest-points-to-possible-ruptures.png" alt="ethereum opens interest in all exchanges.” />
The analyst indicates that the increase in the open interest of eth and the slow pricing response suggests a disconnection between the feeling of the market and the performance of the prices. Although futures operators seem optimistic, this optimism has not yet translated into the key levels of ethereum key resistance. The analyst wrote:
Interestingly, there is a divergence between the price of ethereum and the activity of the futures market. Despite the significant increase in open interest, the price has not yet broken its previous tops, showing a potential imbalance between market expectations and price action.
Shayan also points out that high open interest could lead to volatility. Historically, large accumulations in open interest have been followed by significant price changes as positions are settled.
Although the direction of the following movement remains uncertain, current activity and feeling are inclined towards a possible bullish rupture. Shayan suggested that if ethereum can overcome critical resistance, he could pave the way for a longer rally.
Market concerns and bearish indicators
On the contrary, another cryptocant analyst, Darkfost, presents a more cautious <a target="_blank" href="https://cryptoquant.com/insights/quicktake/6792b1e037939776ed31e28f-ethereum-under-pressure-Whats-happening” target=”_blank”>perspective. Darkfost points to a variety of low factors, which include the increase in ethereum entries and binance reserves.
According to data shared by Darkfost, since September 2024, ethereum entries have consistently exceeded the exits, which leads to an increase in change reserves. This trend reflects the sale pressure, as more ethereum moves to exchanges, which may indicate an intention to sell instead of maintaining.
In addition, the purchase relationship of Binance has remained bassist for months, showing a constant domain of sales orders. Darkfost reveals that the change in these metrics suggests that some investors may be enclosing profits or reassign capital in other places, which leads to a feeling of the most cautious market.
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Outstanding image created with Dall-E, TrainingView graphics
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