Bitget Futures Market Updates: Ether Hits $3K for First Time in Nearly 2 Years Amid Rising ETH ETF Excitement
Bitget2024/02/21 05:38
By:Bitget
The
price of Ether, the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Tuesday, continuing a recent hot streak.
Ether's price rose about 1.6% over the past 24 hours and has risen over 12% in the past week, outpacing other cryptocurrencies, according to data from CoinGecko. Cryptocurrencies at large have had a green 2024 so far, with major tokens' prices well above where they were in 2023. ETH surged nearly 30% since the beginning of the year, outperforming BTC's 22% advance.
ETH's rally could continue, with traders targeting $3,500 as the next resistance level as market participants anticipate that spot-based ETH exchange-traded funds (ETF) could be next in line for U.S. regulatory approval. A potential approval would boost ETH's appeal among more conservative, institutional investors, just as the new
bitcoin ETFs that debuted last month have attracted massive allocations.
Futures Market Updates
Bitcoin long positions got rekt harder than short, while it's the opposite in
Ethereum futures
markets. Starknet was the main focus in the altcoin category though, with its OI jumped to over $60M 24H after trading began.
Bitcoin Futures Updates
Total BTC Open Interest: $23.77B (-0.66%)
BTC Volume (24H): $63.51 (+65.58%)
BTC Liquidations (24H): $39.79M (Long)/$28.91M (Short)
Long/Short Ratio: 50.3%/49.7%
Funding Rate: 0.0137%
Ether Futures Updates
Total ETH Open Interest: $10.90 (+0.24%)
ETH Volume (24H): $39.87 (+43.75%)
ETH Liquidations (24H): $18.29M (Long)/$32.79M (Short)
Long/Short Ratio: 49.84%/50.16%
Funding Rate: 0.0187%
Top 3 OI Surges
STRK: $63.56M (+2,657,118.77%)
GLM: $12.66M (+163.90%)
JASMY: $52.90M (+119.38%)
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
HYPE Price Prediction December 2025: Can Hyperliquid Absorb Its Largest Supply Shock?
Coinpedia•2025/11/29 04:57

XRP Price Stuck Below Key Resistance, While Hidden Bullish Structure Hints at a Move To $3
Coinpedia•2025/11/29 04:57

Bitcoin Price Prediction: Recovery Targets $92K–$101K as Market Stabilizes
Coinpedia•2025/11/29 04:57
Ethereum’s Layer‑2 Surge Signals Next ETH Price Rally—But a Key Hurdle Remains
Coinpedia•2025/11/29 04:57

Trending news
MoreCrypto prices
MoreBitcoin
BTC
$90,911.74
-0.66%
Ethereum
ETH
$3,040.22
+0.52%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$2.19
-0.52%
BNB
BNB
$883.41
-1.48%
Solana
SOL
$137.55
-2.00%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.2816
+0.46%
Dogecoin
DOGE
$0.1501
-0.41%
Cardano
ADA
$0.4177
-2.20%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now