Crypto Market Cap Reaches $3.63 Trillion as Ethereum Rallies
The total crypto market cap has reached $3.63 trillion, marking a 6.10% increase as the market approaches an all-time high. Ethereum is experiencing a bullish rally with a 5.47% intraday rise.
Ethereum Breakout Rally Aims to Surpass $4,000
- Ethereum shows a pullback phase in its daily chart.
- ETH is above the $3,100 zone despite fluctuations.
- Resistance trendline and $3,500 Fibonacci level indicate supply pressure.
- Closing above $3,500 could target prices of $4,172, $4,465, and $4,837.
Rising Bullish Speculations Fuel Ethereum Rally
- Open interest for Ethereum reached $32.65 billion with a 5.25% increase.
- Funding rate increased to 0.014%, indicating traders are paying premiums for bullish positions.
- Long-to-short ratio is at 0.9616, showing more bearish positions than bullish.
Trump’s World Liberty Buys More ETH
- Donald Trump’s World Liberty Finance acquired 6,041 Ethereum tokens for 20 million USDC.
- Average buying price was $3,311; portfolio value stands at $151.73 million.
- World Liberty Finance also holds stablecoins and various DeFi tokens.
Eric Trump commented on the purchase: “Wait until you see what they do tomorrow.”