Ethereum Derivatives Volume Surges 33%: Here’s ETH Price’s Bullish Trend

Key Insights:

• Ethereum derivatives volume surged 33% this week, reaching $111.08B amid renewed bullish sentiment for ETH price.
• ETH reclaimed the $2,545 level, flipping key resistance into support after a +38.72% weekly gain.
• Whale re-entered market, buying 11,736 ETH in April–May after previously selling at a $11M loss.

Ethereum (ETH) price has gained strong momentum after months of decline, showing a notable weekly increase of over 38%. This move is driving higher interest in the derivatives market. Ethereum derivatives trading volume surged 33% this week, reflecting growing trader confidence in a potential price recovery.

As ETH crosses above key technical levels, market participants are increasing exposure through futures and options, while large holders adjust their positions.

Ethereum Derivatives Market Sees Surge in Volume and Open Interest

Over the past week, Ethereum’s derivatives volume increased by 33%, reaching $111.08 billion. This rise in activity suggests more traders are positioning for further upside. Futures open interest also grew slightly to $28.97 billion, marking a continued buildup of leveraged positions.

Despite a drop of 8.54% in options volume, options open interest increased to $6.74 billion. This indicates more contracts are being held open for future settlement. A shift from short-term speculation to mid-to-long-term positioning is visible in both spot and derivatives markets.

Long/short data supports this trend. On Binance, the ETH/USDT long/short ratio stands at 1.84, while OKX traders show a similar pattern at 1.67. Top traders on Binance are even more bullish, with long-to-short ratios of 2.6 in accounts and 2.92 in positions.

Ethereum Whales Re-Enter Market Amid Renewed ETH Price Strength

Arkham Intelligence has tracked movements from notable Ethereum whales who are adjusting their positions in response to recent price changes. One Genesis-era wallet, which originally acquired 76,000 ETH for $23,560, deposited the remaining 1,900 ETH (worth $4.44 million) to Kraken.

Another Ethereum whale, who previously exited the market three months ago at an average price of $2,740, is now back in the market. Arkham reports this whale incurred a loss of $11 million during the exit. Over the past month, the same investor bought 2,713 ETH for $4.07 million at $1,502 each. They followed this with another 9,023 ETH purchase, valued at $20.55 million at $2,277 per ETH.

The return of this whale suggests confidence in Ethereum’s price potential. The timing of their accumulation lines up with ETH breaking out of a prolonged sideways consolidation.

Ethereum (ETH) Price Breaks Out Above Key Resistance Zone

According to TradingView, ETH price recently completed a breakout from a multi-week consolidation zone between $1,800 and $1,950. This move was led by three large green candles, each closing higher than the last and showing strong buying activity.

ETH has now reclaimed the $2,545 level, which served as resistance in February 2025. A successful close above this level may confirm a trend reversal. The chart shows a new upward structure forming with higher highs and higher lows.

The Bollinger Bands on the weekly chart reveal that ETH has reclaimed the midline at $2,439. The price now appears to be heading toward the upper band near $3,750. This would reflect a possible 45–50% move from current levels, if momentum holds.

Short-Term and Mid-Term Ethereum Price Outlook

ETH price is now trading at $2,544, up 8.77% in the last 24 hours. The price breakout has flipped a critical resistance level into support, adding confidence for bulls. The next important price figure to watch is $2,800, a previous support level.

If the current trend persists, short term goals for the price may stand at $2,950 – $3,200. One possible long-term objective might be achieved approximately at the upper Bollinger Band at $3,750. It is essential that daily closes remain above the $2,545 support in order to validate the ongoing ascending trend.

The last 24 hours have seen $161.94 million in liquidations according to liquidation data. About $113.55 million of liquidations were longs, indicating a shakeout before the recent price explosion. Despite all this, the major traders are continuously accumulating their long positions.

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