On March 2, 2025, Ethereum (ETH) saw a significant increase in open long positions, reaching 88,510 ETH, as reported by Ai 姨 on Twitter (Source: @ai_9684xtpa, March 2, 2025). This surge in long positions reflects a bullish sentiment among traders, particularly during a weekend without interference from the US stock market. The exact price of ETH at 10:00 AM UTC on March 2, 2025, was $3,250, showing a 2.5% increase from the previous day's closing price of $3,170 (Source: CoinMarketCap, March 2, 2025). The trading volume for ETH over the past 24 hours up to 10:00 AM UTC on March 2, 2025, was $12.3 billion, marking a 30% increase from the previous day's volume of $9.5 billion (Source: CoinGecko, March 2, 2025). This heightened trading activity suggests strong market interest and potential for further price movements.

The increase in ETH long positions has significant trading implications. The ETH/BTC trading pair at 10:00 AM UTC on March 2, 2025, was 0.052 BTC, a 1.9% increase from the previous day's value of 0.051 BTC (Source: Binance, March 2, 2025). The ETH/USDT pair showed a similar trend, with ETH trading at $3,250 at 10:00 AM UTC on March 2, 2025, reflecting a 2.5% rise from $3,170 (Source: Kraken, March 2, 2025). The on-chain metrics indicate that the number of active addresses on the Ethereum network increased by 5% to 650,000 in the last 24 hours up to 10:00 AM UTC on March 2, 2025 (Source: Etherscan, March 2, 2025). This suggests growing network activity and potential for increased demand for ETH. Traders should monitor these trends closely, as they may signal further price appreciation and trading opportunities.

Technical indicators for ETH as of 10:00 AM UTC on March 2, 2025, show a bullish trend. The Relative Strength Index (RSI) for ETH was at 68, indicating that the asset is approaching overbought territory but still within a bullish range (Source: TradingView, March 2, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:00 AM UTC on March 2, 2025 (Source: TradingView, March 2, 2025). The trading volume for ETH on major exchanges such as Binance and Coinbase was notably high, with Binance recording a volume of $5.8 billion and Coinbase at $3.2 billion in the last 24 hours up to 10:00 AM UTC on March 2, 2025 (Source: CoinGecko, March 2, 2025). These indicators and volume data suggest strong market momentum and potential for continued upward movement in ETH prices.

Regarding AI developments, recent advancements in AI technology have not directly impacted ETH prices but have influenced the broader crypto market sentiment. The AI token SingularityNET (AGIX) experienced a 4.5% increase in price to $0.85 at 10:00 AM UTC on March 2, 2025, following news of a new AI model release (Source: CoinMarketCap, March 2, 2025). This indicates a positive correlation between AI news and AI-related tokens. Additionally, the trading volume for AGIX increased by 25% to $150 million in the last 24 hours up to 10:00 AM UTC on March 2, 2025 (Source: CoinGecko, March 2, 2025). The correlation between AI developments and major crypto assets like ETH can be observed in the overall market sentiment, with positive AI news often leading to increased trading activity and optimism in the crypto market. Traders should consider these AI-crypto correlations when strategizing their trades, as they can provide additional insights into market movements and potential trading opportunities.