Ethereum open interest surges 80% since April, hitting 3-month high

Summary⚈ Ethereum open interest surged 80% since April, hitting a three-month high.⚈ ETH price climbed 76%, aligning with increased speculative activity and open positions.⚈ Technical analysis suggests a breakout toward $2,739 if bullish momentum continues. Ethereum’s (ETH) open interest, a measure of open derivatives positions at any given time, reached a 3-month high on May 13, signalling strong confidence that the present rally will continue source: https://finbold.com/ethereum-open-interest-surges-80-since-april-hitting-3-month-high/