Ethereum price today: $2,770
- Ethereum open interest has surged to an all-time high of 15.21 million ETH, spearheaded by Volatility Shares 2x leveraged ETH ETF.
- Ethereum accumulation addresses have recorded inflows above 400K ETH in five of the last seven days.
- ETH challenges the $2,850 resistance as the crossover above its 200-day SMA reinforces the bullish momentum.
Ethereum (ETH) briefly moved above $2,850 on Wednesday following its futures open interest (OI) rising to an all-time high of 15.21 million ETH. The OI rise is accompanied by major inflows into accumulation addresses in the past week.
Ethereum open interest soared to new highs, accumulation addresses inflows surge
Ethereum has seen a 12% gain over the past three days, following a surge in its futures open interest, which jumped by 1.57 million ETH to an all-time high of 15.21 million ETH. Coupled with the OI growth, funding rates have also seen a slight…
