Ethereum News Update: Major Investors Accumulate ETH Amid Fed's QT Policy Change, Boosting Crypto Confidence
- Ethereum's open interest rose 7.4% with 26-month high institutional demand, signaling strong bullish potential per on-chain analysts. - Fed's QT pause and $230M ETF inflows boost liquidity, while BitMine's 3.63M ETH holdings reinforce price support. - Technical analysis highlights $2,830–$2,835 as critical threshold, with $2,870–$2,960 resistance and $2,720 support levels. - Long-term forecasts range from $6,500–$8,000 by 2025 to $10,000+ by 2030, contingent on upgrades and macroeconomic clarity.
Last week, Ethereum's open interest (OI) jumped by 7.4%, indicating a robust setup that has historically led to bullish trends 75% of the time,
Optimism is also being fueled by the Federal Reserve's planned conclusion of quantitative tightening (QT) on December 1. Analysts observe that previous pauses in QT have typically increased liquidity in crypto markets, providing a boost for ETH. At the same time,
Market volatility is being heightened by leverage-fueled surges.
Longer-term projections differ significantly. A cautious outlook sees ETH reaching $6,500–$8,000 by 2025, while more optimistic models forecast prices above $10,000 by 2030,
Several upcoming events will challenge the market's strength. The Federal Reserve's PCE inflation report, Ethereum's December upgrade, and ongoing ETF inflows will be crucial in determining if the current rally can turn into a sustained recovery. For now, traders are watching the $2,835 level closely, as further upward movement will rely on holding key technical supports and clarity on broader economic trends.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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