Ethereum's breakout setup is getting harder to ignore as bulls press $2,550
Ethereum
Ethereum (ETH) began the week near important technical levels after falling approximately 1.5% during the previous week. Bitcoin is consolidating above its major daily moving averages, while Ethereum is approaching resistance at $2,550. Technical indicators suggest that the bulls are still in control, with rising futures volume also painting a bullish picture. Ethereum futures volume reaches $36.45 billion Ethereum climbed above $2,500 on Monday as derivatives traders increased their activity, with futures turnover substantially outpacing spot-market volume. Data obtained from CoinGlass shows that Ethereum futures generated $36.45 billion in trading volume during the 24 hours, representing a 74% increase. It is 14 times higher than the $2.48 billion spot volume recorded over the last 24 hours.
ETH
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