Odaily Planet Daily News Today’s Ethereum price rose sharply, trading close to $2,800, the analysis believes that today’s ETH price rise is mainly driven by the following factors: First, the technical side continues to exert force, and the daily chart confirms the bullish continuation pattern “bull flag”, which has the potential to continue to rise after breaking through the upper edge of the flag; Second, the open interest of Ethereum futures (Open Interest) has reached a new high, with data showing that large investors are actively deploying, and the current total positions of mainstream trading platforms have reached about $37.3 billion, with more capital flows; Third, spot ETH ETF funds continued to flow in, with a net inflow of about $394 million in the past 8 days, of which the BlackRock ETHA fund contributed about $288 million. （Cointelegraph）
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