<ul><li>The open interest for Ethereum has reached a new all-time high of $17 billion.</li><li>This surge in open interest indicates a potential increase in volatility and significant liquidation cascades.</li><li>If Ethereum's price suffers a downturn, overleveraged futures traders could trigger forced liquidations and rapid price declines.</li><li>On the other hand, Ethereum whales holding between 100,000 and 1,000,000 coins have been actively buying, which could be considered bullish for the altcoin.</li></ul>

Ethereum Open Interest Hits Record High Of $17 Billion — Bearish Or Bullish For ETH Price?

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