🔷 #Ethereum Price Surge: What's Driving $ETH Up Today?

Ethereum (ETH) has climbed 5.75% in the past 24 hours, reaching $3,640, outperforming the broader crypto market’s 2.82% rise.

⭐️ Key Factors Behind the Rally:
🟠 ETF Optimism: Bitwise Asset Management filed for a 10 Crypto Index Fund ETF, including a 16.42% allocation to ETH, boosting investor confidence.

🟠 Record-High Open Interest: ETH futures open interest hit an all-time high of $24B, signaling heightened market participation.

🟠 Technical Momentum: ETH broke out of a bullish cup-and-handle pattern, targeting $3,940 by December.

➡️ Quick Stats:
🟠Market Sentiment: Weekly funding rate holds steady at +0.53%.
🟠Support Levels: 50-period EMA continues to act as a strong support.
🟠Target: Potential 10% rise to $4,000 in December. LINK