<ul><li>Ethereum has surged past $2,700 with a 92% rally over the past 35 days and is currently trading at $2,671, showing a breather phase with a slight intraday pullback.</li><li>The cryptocurrency is potentially forming a rounding bottom pattern, which could lead to a breakout rally aiming for the $4,000 mark based on bullish technical indicators like RSI, Fibonacci levels, and EMAs.</li><li>Ethereum's strong bullish momentum in the futures market is indicated by an all-time high open interest of $33.12 billion, with a rising funding rate and significant short liquidations in the past 24 hours supporting the optimistic outlook for a breakout in Ethereum futures.</li><li>Analyst REKT Capital highlights a key breakout for Ethereum, setting a target at $3,033 after surpassing the daily CME gap and aiming to reclaim previous levels to continue the bullish trend.</li></ul>

Will Ethereum Price Hit $4,000 as Open Interest Reaches $33 Billion?

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