Ethereum Surges to $2,789 Amid Record Futures Interest
Ethereum (ETH) experienced a significant price surge, hitting $2,789 on May 29, marking its highest level since February. This increase coincides with a record amount of futures open interest, reflecting heightened trader enthusiasm and confidence in the token's potential. The rise in futures open interest suggests that more investors are taking positions in Ethereum via derivative markets, often seen as a bullish indicator.
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