CME Exchange Sees Record $7.85B Ethereum Open Interest as ETH Taps $3.5K
Ethereum's Open Interest on the Chicago Mercantile Exchange (CME) hit an all-time high of $7.85 billion, indicating strong institutional involvement. The surge in liquidity across both futures and spot markets reflects growing market confidence, though technical indicators warn of potential overheating.
While ETH has gained 52% in the past month, its recent price action has underperformed relative to bullish momentum. Market analysts highlight derivatives data suggesting an impending correction, with CME futures charts identifying key resistance levels that may precipitate a pullback.