๐ Ethereum Futures Explode: Open Interest Hits ATH! ๐
๐ฅ $50B in Derivatives Positions โ 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:
๐ง โBuckle up and enjoy the Ethereum ride!โ
๐ Whatโs Fueling the Move?
โ Massive futures & options activity
โ High on-chain engagement
โ Surge in validator participation
โ Layer-2 growth
โ Macro boost from the U.S. GENIUS Act โ paving the way for crypto clarity
๐ Price Action Update:
๐ ETH breaks key resistance at $3,500
๐ Targeting next resistance at $3,742.95
๐ฏ Bullish outlook toward $4,000โ$4,200
๐ Key Support: $2,852.16 โ critical for maintaining momentum.
๐ฅ All major SMAs broken: 50, 100, and 200 = long-term bullish confirmation
๐ ETH is leading the charge.
Are you riding the breakout or watching from the sidelines?
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