Ethereum futures flip bullish: Here's why Ether price could hit $4,000 in June.
Ether (ETH) price increased by 108% from April 9 to June 11, reaching $2,880, outperforming the broader cryptocurrency market's 49% rise. Ether futures open interest hit a record high of over $20 billion on June 12, up 155% since April 9, indicating increased market participation and confidence among traders. Stablecoin market capitalization reached an all-time high of $228 billion, reflecting rising trading activity and clearer U.S. regulations. ETH has more than doubled since April 9, while Bitcoin (BTC) rose by 44%. The ETH/BTC pair increased nearly 50%, reaching a 14-week high. A cup-and-handle chart pattern suggests potential for ETH to rally above $4,170 if it breaks the neckline resistance at $2,800. Analysts highlight the importance of the $2,800 level for triggering significant price movements.
