Ethereum Futures Open Interest Hits All-Time High — Has the Ethereum Bull Run Begun?
Ethereum futures hit a new record, which may indicate a new bull run for Ethereum.
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Ethereum(ETH) Surpasses 3,800 USDT with a 5.94% Increase in 24 Hours
04/12/2024 23:04
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- JinseFinance
Ethereum Open Interest Surges to New All-Time High, Fueling Optimism
Ethereum hits record $11 billion open interest, signaling market interest. Surge attributed to ETF anticipation, positive funding rates, and bullish sentiment. Technical analysis suggests potential bull market, but caution advised amid optimism.
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Ethereum surpasses $4k, echoing 2021's peak. Overbought signals hint at potential correction, but profitability and market indicators remain positive.
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Tier 2 TVL has more than doubled in the past few months to an all-time high of $5.64 billion.
Cointelegraph