#Derivatives #ETHETFS

🚀 Ethereum Derivatives Surge Past Bitcoin with $110B Daily Volume! 📈

Ethereum’s derivatives trading volume soared 38% to over $110B in the last 24 hours, outpacing Bitcoin’s $84.7B, as prices hit $2,790 (up 4%)—the highest since February!

🔑 Why the Boom?

• Spot ETH ETFs: 16 straight days of inflows, totaling $890M.

• DeFi & NFTs: TVL up 32% to $118.8B, OpenSea hits highest users since 2023.

• SEC Support: Positive DeFi comments from Chairman Paul Atkins boost sentiment.

• Pectra Upgrade: Enhances scalability & efficiency.

💡 Price Outlook:

• Short-term: Bullish, with resistance at $3,600 & support at $2,800.

• Long-term: Potential $5,500–$6,700 by Dec 2025, even $10,000–$20,000 by 2030 if momentum holds!

⚠️ Watch for volatility with pending staking ETF decisions.