• Ethereum rose 20%, crossing $2,000, following a US-UK trade deal breakthrough.
• ETH’s open interest climbed to $25 billion, indicating increased institutional interest and confidence.
• ETH targets $2,550 resistance, but short-term technicals suggest a potential cooldown amid volatility.

Ethereum (ETH) jumped over 20% on Thursday, surging past the $2,000 mark after news of a “full and comprehensive” trade agreement between the US and UK. The market responded with enthusiasm as macroeconomic tensions softened, setting a bullish tone for both crypto and global financial markets.

Charles Edwards, founder of Capriole Investments, highlighted on Twitter that Ethereum’s spike was predicted by the Capriole Macro Index. It tracks macroeconomic indicators and correctly signals the ETH breakout in advance. Such success supports the increasing relevance of data-driven tools in aiding trading opportunities during fast-evolving market conditions.

Institutional investors are investing capital into Ethereum after the rally. The blockchain data reveals Abraxas Capital acquired 49,644 ETH through Binance and Kraken. On the other hand, Ethereum’s exchange reserves decreased by 132,000 ETH within four days, indicating increasing accumulation and investor sentiment in long-term value appreciation.

ETH derivatives also display positive signals. Open interest rose to 12.08 million ETH, which is more than $25 billion, as of Coinglass. Increased OI reflects increased speculative interest. It reflects increased optimism among traders as ETH regains steam after earlier Q1 drops due to worldwide tariff tensions.

The price of ETH followed wider market trends. Bitcoin momentarily broke past $100,000, and the prominent indices like the S&P 500 and Nasdaq rose more than 1%. The coordinated surge indicates crypto’s growing trend to track traditional equities, particularly technology, further cementing Ethereum’s increased standing as an asset with macro-sensitivity.

From a technical point of view, ETH regained critical support at $2,220, supported by its 14-day EMA and 50-day SMA. Having briefly touched $2,000, ETH is now targeting the $2,100–$2,250 range. Slicing through this area and staying above the 100-day SMA may propel prices toward the $2,550 resistance mark in future sessions.

Despite the bullish setup, short-term indicators signal potential exhaustion. The RSI and Stochastic Oscillator are in overbought zones, implying a near-term cooldown. Binance Futures’ funding rate at 0.08% shows a dominance of leveraged longs, often preceding minor corrections or periods of price consolidation in overheated conditions.

Coinglass data shows  $286 million in ETH futures liquidations over the past 24 hours, including $235.98 million from shorts. Long positions accounted for $48.64 million. Meanwhile, investors remain focused on Ethereum’s trend stability amid increasing volatility and tightening global macroeconomic conditions.

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