Ethereum Surges Amidst Growing Open Interest and ETF Buzz
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Ethereum’s Open Interest soared by 45.07% to $11.536 billion over the past week, reflecting rising liquidity and volatility in the derivatives market. Following a remarkable 17% jump two days ago and a 3.5% increase yesterday, Ethereum’s price trades at $3,738.
This bullish momentum is further fueled by the market’s anticipation of the U.S. SEC’s decision on the upcoming Ethereum ETF tomorrow, May 23rd. Investors are showing strong confidence, suggesting that Ethereum could continue its upward trajectory in the near term.
