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Ethereum Overtakes Bitcoin in Futures Market—ETH Catalysts in Sight?

  • Ethereum has overtaken Bitcoin in 24-hour futures trading volume with $62.1 billion compared to $61.7 billion for Bitcoin, indicating a shift in trader interest.
  • The surge in Ethereum futures volume and open interest ratio to market cap at a fair level suggest growing trader attention and potential catalysts in the market.
  • Ethereum price targets $4,000 as bullish flag and golden cross patterns align with strong ETF inflows, indicating a possible trend continuation and bullish momentum.
  • Proposed updates by Ethereum founder Vitalik Buterin and expansions by companies like BBVA into Ethereum and Bitcoin trading add to Ethereum's positive outlook amidst growing market focus.

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