🚀 Ethereum Futures Explode: Open Interest Hits ATH! 📈

🔥 $50B in Derivatives Positions – Action Incoming!

According to CryptoQuant, open interest in $ETH futures has surged to an all-time high of $50B, signaling a massive wave of volatility ahead. Analyst Ted Pillows says:

🧠 “Buckle up and enjoy the Ethereum ride!”

📊 What’s Fueling the Move?

✅ Massive futures & options activity

✅ High on-chain engagement

✅ Surge in validator participation

✅ Layer-2 growth

✅ Macro boost from the U.S. GENIUS Act – paving the way for crypto clarity

📌 Price Action Update:

📍 ETH breaks key resistance at $3,500

📈 Targeting next resistance at $3,742.95

🎯 Bullish outlook toward $4,000–$4,200

🛑 Key Support: $2,852.16 – critical for maintaining momentum.

💥 All major SMAs broken: 50, 100, and 200 = long-term bullish confirmation

👀 ETH is leading the charge.

Are you riding the breakout or watching from the sidelines?

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$BTC $SOL