BlackRock ETH accumulation, key price metrics forecast Ethereum rally to $3K

Rising futures open interest, robust spot ETH ETF flows, and a bullish technical analysis indicator forecast an Ethereum price rally to $3,000.

Key takeaways:

Ether futures open interest has surged 40% in 30 days, while the spot ETH ETFs marked four consecutive weeks of inflows.

ETH’s Gaussian channel indicator suggests a rally to $3,100 to $3,600 could occur.

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