<ul><li>Ethereum's futures on Binance surged by 41%, indicating growing confidence and institutional participation in the market.</li><li>Total open interest in Ethereum across all exchanges is around $17 billion, with Binance holding about 30% of it, solidifying its role as a major derivatives venue for ETH.</li><li>Analysts suggest that the surge in open interest reflects a more structured support for Ethereum's price rally, driven by institutional interest rather than just spot market hype.</li><li>This rally in Ethereum, from $1,600 to $2,650 in the past month, appears more sustainable due to increased liquidity and institutional-grade interest, indicating a potential longer-term uptrend.</li></ul>

Ethereum Futures Surge 41% on Binance, Signaling Strength Behind Rally

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