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Ethereum CME Futures Open Interest Hits Record $7.85B – Institutional Demand Surges
Ethereum CME Futures Open Interest Hits Record $7.85B – Institutional Demand Surges
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CME exchange News -
Ethereum is entering a powerful new phase in its market cycle. After months of lagging performance, ETH has skyrocketed over 175% since late April, regaining momentum and capturing investor interest. Open Interest on CME Futures has reached an all-time high of $7.85 billion, indicating strong institutional participation and potential for increased volatility.
Analysts caution about overbought conditions as ethereum nears critical resistance levels. However, with ETH outpacing Bitcoin and altcoins moving in sync, many believe this marks the beginning of a broader altseason. Derivatives metrics point to sustained bullish momentum, though traders are preparing for significant price swings.
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