ETH Open Interest Hits Record $40 Billion Amid Ether Price Surge

Ether's price surged 108% to $2,880 since April 9, significantly outperforming the broader crypto market. As of June 12, ETH futures open interest hit a record $20 billion, up 155% since April, signaling increased market participation and bullish sentiment. Analysts note that Ether's cup-and-handle pattern could target $4,200, reflecting ongoing confidence in price gains.

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ETH Open Interest Hits Record $40 Billion Amid Ether Price Surge - CoinPost Terminal