Ethereum (ETH) is experiencing a price increase of 10% to $1,795, driven by the easing of US-China trade tensions. The overall cryptocurrency market is also bullish, with Bitcoin increasing to $94,000, and XRP gaining over 8%. Key catalysts include President Trump's comments suggesting a reduction in tariffs on Chinese goods, boosting investor confidence. Additionally, over $109 million in short ETH positions were liquidated, indicating strong upward momentum. Ether's Open Interest (OI) in futures has risen by 16%, signaling increased trading activity, alongside positive funding rates in perpetual futures markets. Analysts note that ETH needs to maintain a price above $1,600 for sustained upward momentum, with resistance targets of $1,950 and $2,100 being highlighted. However, caution is advised due to an overbought RSI suggesting potential pullbacks could occur before establishing new price trends.

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