Hey, folks! Do you think the big investors are just sitting still? Nope! 🤑 The big fish are betting everything on Ethereum, and that could change the game forever.
Watch out, this is no small matter. The price of Ethereum (ETH) is on fire, consolidating around $4,421. In the last week, it rose by 17%, in the last month by 45%, and in a year... an impressive 67%! 🤯
But the real bombshell is this: in July, the futures volume of Ethereum in the CME market reached an all-time high of $118 billion. What does that mean? That the big investors, those who handle big bucks, are getting involved and trusting in Ethereum's future. It's like the whole neighborhood is watching the same game and betting on the same winning team.
The data doesn't lie: institutional interest is skyrocketing. Open interest in Ethereum is now at $6.04 billion, a new record! And that's not all: Ethereum ETFs and strategic reserves now represent nearly 8% of the total ETH supply, which is crazy considering it was only 3% at the beginning of April. This tells us that the whales are not just buying, they are accumulating for the long term! 🐳
How does this affect us? Think of it this way: if the big players trust something so much, it's because they see massive growth potential. The technical signals are also super bullish: the MACD is at one of its highest points of the year, and the relative strength index shows strong buying pressure. 💪
Despite all this, Ethereum is still 12% below its all-time high of $4,878, which means it has a long way to go. Experts are saying we could see ETH surpass $6,000 in the last quarter of this year and, if everything continues like this, it could reach $10,000 by 2026.
Are you ready for this ride? Because the Ethereum train seems like it’s not going to stop. 🚂💨 For those involved, keep a close eye on the chart! And for those who aren't, see if you can hop on before the price skyrockets!$ETH
