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Ethereum ETH $ETH sharply rose in price, exceeding the mark of $ 2,700 for the first time in almost three months.

The trading volumes of Ethereum increased by 10.3% to nearly $ 35 billion, indicating high liquidity and interest from traders. In the derivatives segment, active growth was also recorded: open interest in futures jumped by 16% to $ 32.28 billion, the highest level since January 24.

The activity of institutional investors confirms positive expectations regarding the asset. London-based investment firm Abraxas Capital acquired $ETH for $ 84.7 million — totaling $ 561 million in aggregate purchases for the week. Such a concentration of purchases indicates the conviction of large players in the potential for further growth of the token.

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