ETH futures are now the focus, hitting 62.1 billion USD, outpacing BTC’s 61.7 billion USD. The surge in ETH’s open interest over 18 billion USD suggests traders anticipate significant price movements, indicating a sentiment shift.
Currently, ETH trades at approximately 2,777.40 USD but struggles to break past the 3,000 USD barrier. Despite a recovery against BTC, ETH remains down 29% year-to-date. The expected rally reflects growing bullish sentiment.
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