ETH futures achieve record high: over $ 41 billion open interest indicates strong institutional interest and bullish chart structure!

ETH futures achieve record high: over $ 41 billion open interest indicates strong institutional interest and bullish chart structure!
ETH futures on record high: strong institutional interest in Ethereum
The derivative market for Ethereum shows remarkable growth because the open interest of the ETH futures has increased over the $ 41 billion mark. This record high indicates a strong institutional interest, which indicates that many investors are responsible for the future of Ethereum.
Another positive development is the bullish chart structure, which is referred to as the "Golden Cross". This technical indicator arises when the short -term moving average thwarts the long -term moving average from bottom to top. The Golden Cross is often a sign of a potential increase in assets and can generate additional purchase impulses.
Overall, these factors reflect the increasing interest and the increasing market activity in Ethereum, which are important for both institutional and private investors.