Why is Ethereum (ETH) price up today?

Ethereum price is up today after the biggest altcoin confirmed a bull flag pattern with record open interest backing Ether’s upside potential.

Key points:

Ether’s price outperforms the wider crypto market with 4% gains over the last 24 hours to hit a three-month high of $2,789 on May 29. 

ETH record open interest, rising funding rates and consistent inflows into spot Ethereum ETFs fuel the rally.

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