Ether futures open interest reached a record high in May as ETH remains bullish above $3,700.
) price took a swipe at $4,000 on March 23, briefly surpassing $3,890 before correcting as the result of $46.58 million in leveraged long liquidations. Following that rally, Ethereum futures open interest reached an all-time high of $17.09 billion on May 28.
Similarly, with the ongoing consolidation above $3,700, Ethereum futures open interest remains high at $16.1 billion, according to data from Coinglass.Meanwhile, monthly trading volumes of Chicago Mercantile Exchange options on Ether futures reached an all-time high in May.on June 5, ETH options trading volume on the CME rose by 115% to $931 million. This represents a significant increase compared to April’s volume of $615.75 million and sets a record high for monthly trading volume.
“The rise in the trading activity on ETH instruments highlights the heightened institutional interest in the asset following the sudden pivot from the SEC on the spot Ethereum ETF applications in the U.S..
At the time of publication, the Ethereum price was trading at $3,843, up 1.2% over the last 24 hours, according to data from CoinGecko. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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