ETH Price Gains on Record High Open Interest and Treasury Inflows

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ETH Rises in Price Due to Record High Open Interest and Treasury Company Funds

Ethereum (ETH) has just experienced a strong breakthrough, surpassing $3,300 after several months of lackluster trading compared to Bitcoin (BTC).

ETH's recovery to a three-month high, along with record-high Futures Contract open interest, creates expectations for a new upward trend and an explosion in the Altcoin market in general.

MAIN CONTENT
  • ETH price rises to a 3-month high, reaching $3,359.
  • Open interest on ETH derivative exchanges reaches a 3-year peak, over $22 billion.
  • Treasury companies and whales begin accumulating ETH, driving long-term demand.

How is Ethereum's Price Movement Currently?

[The rest of the translation follows the same professional and accurate approach, maintaining the specified translations for technical terms and preserving the original structure and meaning.]

Sector:
Smart Contracts
Layer 1
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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