What’s Next for ETH: Forecasting the Next Price Surge
Ethereum’s recent breakout past the pivotal $4,500 level has fans and traders alike asking: What’s Next for ETH Price? After months of consolidation, the network’s flagship token is finally rebounding to a plateau that hasn’t been seen in years, edging closer to its former all‑time high and setting the stage for a potential breakout.
Ethereum Inches Closer to Record High
While the rally has been buoyant, it also triggered a surge of liquidations. Coinglass data shows that in the last 24 hours, roughly $252.5 million worth of ETH positions were forced closed—$58 million from long holders and nearly $194 million from shorts. These liquidity pressures underline how aggressive some traders have been in chasing gains.
The total value of ETH futures contracts, or open interest, has climbed to $61 billion from $47 billion just a week earlier. Though the monetary value has risen, the actual ETH in open interest is still 11 % below the June 27 peak of 15.5 million tokens. This indicates that the price surge has outpaced real‑world participation.
The annualized premium on ETH perpetual futures sits at 11 %, a neutral zone. Historically, values above 13 % flag inflated demand for leveraged longs—a scenario last seen just days ago. The current neutral premium suggests that, contrary to expectations, the most aggressive traders aren’t yet flooding the market, even as the price climbs.
What’s Next for ETH Price?
After breaking through $4,350, the Ethereum market is now firmly in a bullish zone, sitting well above key Exponential lines. At the time of writing, ETH traded at $4,656—a 5.2 % gain in the last 24 hours.
The alignment of rising moving averages and an RSI that hovers in the overbought territory suggests momentum remains strong; traders are eyeing the $4,900 ceiling. However, the meta‑trend hinges on the EMA 20 support line—if closing below this threshold, a pullback toward the $4,000 band becomes likely.
Even though the RSI is comfortably elevated (≈75), the market’s overheated sentiment could prompt a corrective dip to temper the rally’s intensity.
