#Ethereum and altcoins continue to rise rapidly.

With the ETH/BTC pair breaking its downtrend, both $ETH and the altcoin market took a sigh of relief.

As you can see in the chart, there has been a 5-fold increase in open interest on the CME (Chicago Mercantile Exchange) over the last three months.

This data indicates that institutional investors in the U.S. are building long positions on ETH. Since prices have risen along with the increase in open interest, we can understand that these transactions are bullish long positions.

I have shared this data and chart with you many times before and explained that it could lead to such a rise.

Currently, the technical data remains quite positive and supports the continuation of the upward trend.

As long as ETH stays above $3k, the current outlook will remain positive, and as this support is maintained, I believe that in the coming months, altcoin investors will also have reasons to smile.

During this process, the key will be to continue with the same discipline without compromising risk management. I think those who can maintain the same risk management without increasing risk along with the rise will achieve good returns in the coming months, friends.