🚨 ¡$ETH UNSTOPPABLE! 🚀 OPEN INTEREST IN FUTURES AT HISTORIC RECORD OF $20 BILLION: HEADING TOWARDS $4,000! 🤯💸
📢 OPEN INTEREST IN ETHEREUM FUTURES (#ETH ) HAS REACHED AN ASTOUNDING ALL-TIME HIGH OF $20 BILLION! 🚀 This is not just a number; it is a resounding signal that traders are excessively optimistic about #Ethereum , which has more than doubled in price since April, greatly outperforming Bitcoin in the same period.
This monumental increase in open interest, along with the use of stablecoins to gain exposure to ETH, indicates rising confidence and an influx of capital into Ethereum futures contracts. Furthermore, the ratio #ETH/BTC has risen nearly 50%, reaching a 14-week high, leading experts like Michael van de Poppe to proclaim that the "bull market is finally starting" and that we are "underestimating the potential of this entire market". Graphically, the pair #ETH/USD has been forming a "cup and handle" pattern, and once it surpasses the neckline at $2,800, the path will be cleared towards a technical target of $4,200, or even beyond!
🤔 Do you think Ethereum is about to lead the next big bullish wave in the crypto market, establishing itself as the dominant force?
