$ETH O Ethereum has also been affected by market volatility, with recent drops and recoveries.

Ethereum is beginning to show signs of renewed strength after a period of calm. In the last week, the digital asset rose more than 3%, despite a brief pullback in the last 24 hours. This short-term decline has not diminished interest. In fact, recent data shows that Ethereum may be laying the groundwork for a more sustained upward move.

In summary:

• Open interest in Ethereum futures has reached a record of $20 billion, indicating strong activity in the market.

• ETH surged nearly 100% between early April and mid-May.

• Ethereum broke through the key resistance of $2,740 in June and successfully retested it. Technical indicators suggest room for further price gains.

• Open interest in Ethereum futures exceeds $20 billion.

One of the main drivers of this momentum is the increasing activity in Ethereum futures. Data from Glassnode, a market analysis platform, shows that open interest (OI) in ETH futures recently reached an all-time high, surpassing $20 billion.

• Other cryptocurrencies:

Other cryptocurrencies, such as Binance Bridged USDT (BNB Smart Chain) and First Digital USD, also exhibit fluctuations in their prices.

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