Ethereum surged over 20% to cross the $2,000 mark after the announcement of a US-UK trade deal.
ETH's open interest reached $25 billion, indicating growing institutional interest and confidence.
Ethereum is targeting the $2,550 resistance level, but short-term technical indicators suggest a potential cooldown amidst volatility.
ETH's rally was predicted by the Capriole Macro Index, reflecting the increasing relevance of data-driven tools in trading. Institutional investors are acquiring ETH, with open interest rising and exchange reserves decreasing.