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TronWeekly

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Ethereum (ETH) Gears Up for $2,875 Test; Will Bulls Break Through?

  • Ethereum (ETH) price has risen by over 6.6% in a week, currently trading at $2,621.81, with bulls targeting $2,875 resistance.
  • Increased open interest in ETH perpetual futures suggests growing trader sentiment.
  • Analysts are monitoring the quarterly volume-weighted average price (VWAP) as a key resistance level that could spark broader bullish momentum in the crypto market.
  • Lack of spot market confirmation poses a risk of a potential bull trap, with key support levels offering strategic entry points for buyers.

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