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