Ethereum derivatives trading volume exceeded $110 billion, propelled by strong spot ETF inflows and a revival in the DeFi market, indicating robust investor interest.
In the past 24 hours, Ethereum derivatives trading volume increased by 38%, surpassing $110 billion, outpacing Bitcoin derivatives at $84.72 billion. This surge is driven by $890 million in net inflows to U.S. spot ETH ETFs and a 32% growth in DeFi total value locked, reaching $118.8 billion. Technical analysis indicates $2,800 as a critical support level, with potential ETF approvals possibly pushing year-end prices to between $5,500 and $6,700.