Ethereum (Eth) has surpassed the $3,700 level and has scored 4.35% in the last 24 hours.
Market data shows that ETH is currently trading at $3,704. Despite this rise, 24.29%, Ethereum’s all-time high of $4,891.70 recorded in November 2021, is still 24.29% off.
A chart showing rise in ETH prices.
Investors are raising bullish expectations for Ethereum, according to Coinglass data. Ethereum Futures Open Interest has been on the upward trend for more than a month. Total public interest, which surpassed $50 billion on July 17th, reached an all-time high of $520 billion today.
Currently, the total open interest rate is ETH 14.31 million, accounting for around $52.14 billion, representing a 0.74% increase over the past 24 hours. The rankings for each exchange are as follows:
- Binance: Leading with open profits of $9.33 billion.
- CME (Chicago Mercantile Exchange): The second is $68.1 billion.
During the same period, the movement of spot funds in the cryptocurrency market also attracted attention. According to Coinglass data, the cryptocurrencies with the highest net inflow are:
- Litecoin (LTC): $2983 million
- Solana (Sol): $15.97 million
- Bitcoin Cash (BCH): $7.59 million
- Ethena (Other): $6.28 million
- BNB: $5.65 million
In contrast, the assets with the highest net outflow are:
- Bitcoin (BTC): $156 million
- Dogecoin (Doge): $40.28 million
- Tezos (XTZ): $40.05 million
- Ripple (XRP): $38.23 million
- Tron (TRX): $2354 million
*This is not investment advice.
