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.