Ethereum's Open Interest (OI) has reached a record high of $22 billion, more than double the level seen during Ethereum's previous all-time high. This surge in OI, along with bullish price action and support from traders, suggests that Ethereum could experience a notable upside rally. If Ethereum closes a daily candle above the $3,550 level, it could potentially soar by 15% to reach $4,100. The asset is currently trading above the 200 Exponential Moving Average (EMA) and its Relative Strength Index (RSI) indicates that it is not yet in the overbought zone. Ether has seen a gain of 4.10% in the past 24 hours and trading volume has increased by 72%, indicating growing interest from traders and investors.



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