Ether's price surged 4% in the last 24 hours to reach a three-month high of $2,789 on May 29.
Factors like record open interest in Ether futures, rising funding rates, and increased inflows into spot Ethereum ETFs are driving the price rally.
The bullish continuation pattern suggests a potential 46% climb towards $4,000 as Ether reclaims key support.
ETH's price strength, high trading volume, record Ether futures open interest, positive funding rates, and institutional interest in spot Ethereum ETFs are contributing to the current uptrend.