Ethereum Futures Open Interest Hits $20.8B, Signaling Bullish Momentum

Quick Summary:

With a 12% increase to a record high of $20.8 billion on Friday, the futures open interest in Ethereum may be indicating positive momentum in the derivatives market.

According to data from CMC, Ethereum has risen 7.31% in the last 7 days, trading at $3,279 at the time of writing.

Experts say that the increased optimism among derivatives traders is responsible for this jump.

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Article Details

Author / Journalist: Abdul

Category: Crypto

Markets: United Arab Emirates

Topics: Market News ETHEREUM Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 20:02:46 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23774755

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 19 hours ago

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