๐ $ETH Futures Hit Record $50B Open Interest! ๐๐ฅ
$ETH is gearing up for a major move as futures and options activity explode to all-time highs, according to CryptoQuant.
๐ Key Highlights:
โข Open interest at $50B = big player activity
โข ETH breaks above $3,500, now targeting $3,742 and $4,200
โข Strong on-chain data: rising addresses, validators, and L2 usage
โข Regulatory tailwind from the U.S. GENIUS Act helps boost confidence
๐ฅ $ETH has cleared all major SMAs (50/100/200), confirming a bullish trend.
Support to watch: $2,852
Resistance: $3,742 โ $4,200
๐ Momentum is building. Increased volatility = major price action ahead.
