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Ethereum Hits $3,000 as CME Exchange Futures Demand Sparks Rally
Ethereum Hits $3,000 as CME Exchange Futures Demand Sparks Rally
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CME exchange News -
Ethereum is reclaiming its position as a market leader, rallying toward $3,000 for the first time since February. The asset now trades near $2,900, marking a 6% daily gain and sustained upward momentum since Tuesday. This resurgence reflects broader crypto market recovery—but Ethereum’s outperformance stems from deeper structural demand.
Institutional players are driving activity. CME’s ETH futures open interest hit $3.27 billion, while global open interest reached an all-time high of 8 million ETH ($22.3 billion). Notably, ethereum futures volume eclipsed Bitcoin’s at $62.1 billion versus $61.7 billion—a rare inversion signaling shifting capital flows.
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