Ethereum Rises Above $2,100 as Open Interest Surges and Vitalik Buterin Emphasizes Scaling Path

Ethereum traded above $2,100 following a strong daily rally, with futures open interest rising sharply and short-term resistance seen near $2,175 and potential upside toward $2,500, CoinJournal reports. Derivatives data show a notable increase in Ethereum open interest and short liquidations, signaling heavier positioning for larger price swings as funding rates fluctuate. Onchain data from CryptoQuant indicate significant ETH withdrawals from centralized exchanges over the past month, pointing to tighter supply as large holders accumulated during recent weakness. Key technical levels include support near $2,023 and $1,901, resistance around $2,175 and $2,396, and market debate over Ethereum's long-term scaling has intensified following Vitalik Buterin's recent comments on strengthening decentralization.