Ethereum Open Interest Soars as Price Nears $4K Milestone
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Ethereum’s open interest has surged to $12.5 billion, an 8.13% increase in 24 hours. The $ETH price is trading at $3,877, an intraday jump of 3.59% as it approaches the $4,000 milestone. Moreover, the funding rate is currently 0.0155%, indicating strong demand in the futures market.
With growing anticipation of the VanEck’s Spot Ethereum ETF approval today, bullish sentiments are rising. Investors are optimistic, driving market activity and increasing prices as they await the SEC’s decision. This optimism reflects strong market confidence in Ethereum’s future prospects
