Ethereum (ETH) has climbed above the $3,700 mark, recording a 4.35% surge over the past 24 hours, signaling renewed investor enthusiasm across the altcoin market.


According to the latest figures from Coinglass, bullish sentiment is intensifying, with Ethereum futures open interest continuing its month-long ascent. On July 17, total open interest surpassed $50 billion and has now reached a new all-time high of $52.14 billion, equivalent to 14.31 million ETH$ETH

—up 0.74% since yesterday.


🔍 Exchange Rankings by ETH Open Interest:




  • Binance leads the pack with $9.33 billion.



  • CME (Chicago Mercantile Exchange) follows at $6.81 billion.


Meanwhile, activity in spot markets reveals strong capital flows. According to net inflow data:


Top Gainers by Net Inflow:




  • Litecoin (LTC): $29.83M



  • Solana (SOL): $15.97M



  • Bitcoin Cash (BCH): $7.59M



  • Ethena (ENA): $6.28M



  • BNB: $5.65M


Top Outflows:




  • Bitcoin (BTC): -$156M



  • Dogecoin (DOGE): -$40.28M



  • Tezos (XTZ): -$40.05M



  • Ripple (XRP): -$38.23M



  • TRON (TRX): -$23.54M


Currently trading at $3,704, Ethereum still sits roughly 24.3% below its all-time high of $4,891.70 set in November 2021. However, with rising futures interest and growing inflows into altcoins, market momentum suggests that the next major move could be closer than expected.#ETHBreaks3700 #StablecoinLaw