Ethereum Price Breakout: Fresh Capital Enters Market on Rising Open Interest

Ethereum's price has broken out of its consolidation phase on strong volume and rising Open Interest, signaling fresh capital entering the market. This technical breakout is supported by fundamentals like resumed ETF inflows and falling exchange supply.

The price has surged by 76% since July and surpassed the 200-day EMA on a daily timeframe. The recent volume spike near September 22-23 ($80B) suggests renewed buyer interest heading into the final week.

If Ethereum sustains its current structure, the $2,550 zone is likely to act as strong support on any pullback. As long as ETH holds above this level, the broader trend remains bullish, with the next resistance zone likely near $2,900, $3,000.