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Ethereum Options and Futures Hit Record Levels – Is ETH Back on Top?

  • Ethereum's derivatives market hits a record high with $27 billion in open interest, signaling growing investor confidence.
  • Optimism is fueled by Ethereum’s renewed interest in decentralized finance (DeFi) and potential regulatory shifts, with ETH prices following Bitcoin’s bullish trends.
  • Cumulative open interest in futures and perpetual contracts reached a record 6.32 million ETH, worth over $27 billion, marking a 17% increase this month.
  • Ether's price has mirrored Bitcoin's gains, climbing 3.66% in the past day and 8.37% in the past week, reaching a current price of $3,614.63.

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