🚀 Ethereum Futures Explode—Open Interest Hits ATH, Action Incoming! 📈💥

CryptoQuant data published by analyst Ted Pillows shows open interest in ETH derivatives at a record $50 billion. “Buckle up and enjoy the Ethereum ride,” Pillows said, predicting dramatic price activity because to increased volatility. This amount of open interest is historically noteworthy and frequently indicates a big move by huge players.

A large growth in ETH futures and options capital implies investor confidence and directional momentum. High open interest may cause a quick rally or drop, but on-chain and macro fundamentals suggest a bullish market.

Active addresses, validator engagement, and Layer 2 activity keep Ethereum growing. More crucially, the US GENIUS Act clarifies stablecoins and establishes the groundwork for crypto regulation, benefitting Ethereum directly as the foundational layer for DeFi and real-world asset tokenization.


ETH Breaks Out Targeting Key Resistance

The 3-day chart shows Ethereum (ETH) closing at $3,588.26, confirming a strong breakthrough over $3,500. After rallying from late June lows, the price is up over 70% in less than a month. Importantly, ETH has broken all key moving averages, including the 50, 100, and 200 SMAs, indicating longer-term bullish momentum.

Volume has surged dramatically throughout this breakout, strengthening the move. The next big barrier is $3,742.95, a local peak earlier this year. A closing above this barrier might allow a retest of $4,000–$4,200.

On the downside, $2,852.16 is critical support. Previous consolidation and breakout occurred at this level, when resistance and the 200-day moving average met. Maintaining bullishness requires holding above this zone.

#ETHBreaks3700 #CryptoMarket4T #ETHBreakout3.5k #AltcoinBreakout #AltcoinSeasonLoading $ETH $BTC