In a scenario where political uncertainty and tensions within its community become evident, ether (ETH), Ethereum’s cryptocurrency, seems to find a turning point in the markets.
Cryptocurrency futures open interest shows sustained growth, suggesting growing activity and expectations around the digital assetwhile the Ethereum Foundation faces internal criticism for its financial management.
The open interest metric, which tracks the number of active futures contracts on exchanges, “has been on a steady rise in recent weeks,” points out a report from the analysis firm CryptoQuant.
This increase reflects a greater participation of traders who bet on long positions, anticipating bullish movements in the price of ETH.
However, the price of the asset has not yet managed to exceed its historical maximum of $4,891 reached in 2021, which generates a “potential mismatch between market expectations and price action,” the firm states.
This phenomenon increases the possibility of “liquidation cascades”, typical in high activity scenarios, which could trigger explosive price movements in the short termhe points out.
Although the exact direction of this move is not defined, indicators suggest that a bullish momentum is the most likely scenario. If ether manages to break through key resistance levels, could open the door to a sustained rebound in its price.
Tension in the Ethereum community
Parallel to the optimism in the markets, the Ethereum Foundation faces an internal crisis. The sale of ETH by the foundation between January 2 and 20 generated criticism in the community, which questions the economic management of the project, as reported by CriptoNoticias.
These tensions are aggravated by the perception that ether has failed to keep up with the pace of recovery of other cryptocurrencies such as solana (SOL) and Ripple’s XRP.
Community members have noted that these systematic sales, along with the lack of clear communication about their purpose, have increased pressure on the foundation’s leadership.
Optimistic projections and the role of institutional capital
Despite this complicated internal landscape, financial institutions such as Standard Chartered project a promising future for the cryptocurrency.
The British bank has predicted that ETH ether price could reach $10,000 by the end of 2025driven by the influx of institutional capital.
This growth would be associated with exchange-traded funds (ETFs), which would provide institutional investors, including pension funds, with a regulated and accessible way to participate in the cryptocurrency market without needing to acquire the assets directly.
A crossroads for Ethereum
Ethereum is at a turning point. As the futures market shows signs of optimism, Internal tensions and community pressure demand clear responses from the Ethereum Foundation.
The way in which this entity manages its reserves, its leadership and the interaction with its community could define not only the future of the project, but also the adoption and evolution of the cryptocurrency in the coming years.
If the projections of institutions such as Standard Chartered materialize, ETH could reaffirm its position as one of the pillars of the cryptocurrency marketdespite the current adversities.
