Categories: MarketsMenafn

Ethereum Open Interest Soars: Details

Ether (ETH) saw a rise in value as Ethereum’s Open Interest (OI) soared by $1.5B in the last seven days, suggesting bullish trader sentiment but also indicating potential market volatility.

Data aggregator CoinGlass shows that ETH futures OI across all exchanges totals $14.47B, up 7.43% in the last 24 hours.

ETH Futures Open Interest. (CoinGlass)

As shown in the chart above, OI peaked in late May, reaching $17.09B as ETH’s ´price reached $3.8K.

Likewise, in a report from CryptoQuant, analyst Burak Kesmeci noted that Ethereum’s open interest has grown by nearly $1.5 billion in the past three weeks.

Open interest measures the number of active long and short positions in financial instruments, with higher values indicating greater confidence in an asset’s price direction. 

Kesmeci linked the rise in open interest to the launch of US spot Ethereum ETFs, which peaked on July 23. However, OI fell by around $600 million, giving the market some relief. The analyst warned that rising leveraged trading could trigger liquidations, leading to increased market volatility.

Ethereum’s Price Outlook

The price of Ether has been struggling in the past couple of days. Today, it went from $3,257 to $3,395, a 4.23% increase. However, the coin retraced to $3.2K. 

According to CoinGecko data, ETH has plunged over 5% in the last seven days and 3.4% in the last thirty days, highlighting the extreme volatility within the market.

 

Analysts believe Ethereum ETFs will have a smaller impact on Ethereum compared to Bitcoin due to a lower multiplier effect. Nonetheless, ETH is expected to rally in the coming months as the market remains bullish.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

XRP Whale Transfers Spark Surge, Ethereum Eyes $4,000, Bitcoin Targets $130K — Find Mining Launches New App

As Bitcoin Targets $130K and Ethereum Nears $4,000, Find Mining Empowers Users with Smart Cloud…

5 hours ago

U-topia Joins The International Chamber of Virtual Assets Through TheBlock’s Startup Program

Dubai, UAE, 29th July 2025, ZEX PR WIRE, U-topia, a technology company working at the intersection…

5 hours ago

BNB Rallying Over 6%—Why Are Savvy Investors Secretly Flocking to BTC Miner Cloud Mining?

New York, 29th July 2025, ZEX PR WIRE, Today, Binance Coin (BNB) led the market…

5 hours ago

$1 Memecoin Relaunches as Community-Led Movement Against Inflation and Dollar Erosion

London, United Kingdom, 29th July 2025, ZEX PR WIRE, A decentralized crypto protest is gaining…

15 hours ago

Predictino Launches Public PREDINO Presale to Bring AI Forecasting to Crypto Traders

London, UK, 29th July 2025, ZEX PR WIRE, Predictino, an AI-powered trading intelligence platform, has…

15 hours ago

Global Side Hustle Revolution: Remote Workers Flock to InvroMining Cloud Mining, $100 Daily Earnings Becoming the New Normal

London, UK, 28th July 2025, ZEX PR WIRE, Globally, “telecommuting” and “digital side hustling” are…

1 day ago