Ethereum’s open interest has risen by 64% since June 22, reaching an all-time high of 46 billion USD, showcasing increased trader participation in ETH futures.
Analysts forecast that ETH could achieve prices between 15,000 USD and 30,000 USD this cycle, with immediate targets set at 4,000 USD.
The rise in ETH’s open interest, coupled with a 6% price increase to 3,183 USD, indicates a strong bullish sentiment within the cryptocurrency market.
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