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Ethereum has surged over 20% this week, breaking past $3,600 for the first time in months. Analysts debate whether the rally is fueled by sustainable demand or speculative futures trading. Spot market activity lags behind, raising questions about the rally’s longevity.
- Ethereum's price surge is largely fueled by futures market leverage, not spot demand, per CryptoQuant.
- Institutional interest is rising, with ETH trading at a premium on Coinbase and ETF inflows hitting record highs.
- Analysts warn of potential overheating in futures markets but see structural support if spot demand catches up.
📎 Related coverage from: newsbtc.com
Other Tags: Crypto Dan, CryptoQuant