According to recent CryptoQuant data, Ethereum’s open interest (OI) on Binance has surged by over 41% in the past 30 days, rising from $3.6 billion to $5.1 billion.
The significant jump highlights growing confidence and institutional participation in Ethereum’s futures market.
Currently, Ethereum’s total open interest across all exchanges stands at approximately $17 billion, with Binance accounting for about 30%—solidifying its role as the dominant derivatives venue for ETH.
“This 41% surge in OI suggests Ethereum’s price rally is being driven by more than just spot market hype—it’s supported by structured futures positioning,” analysts noted.
In the past month, ETH has climbed from $1,600 to roughly $2,650, representing a 65% gain. Unlike some past rallies, this move appears to be underpinned by deeper liquidity and institutional-grade interest—signs of a potentially more sustainable uptrend.
The data reflects an important shift: the alignment between spot market strength and derivatives market conviction. When both move in tandem, it typically indicates healthy market structure rather than speculative froth.
Looking forward, Ethereum’s momentum may spill over into the broader altcoin space.
“When ETH leads, altcoins often follow,” the report stated.
If Ethereum maintains its trajectory, we could be entering the early stages of a broader altcoin rally, as traders rotate profits and capital into higher-risk assets. With on-chain activity picking up and futures markets reinforcing the trend, ETH’s breakout may just be the beginning.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-futures-surge-41-on-binance-signaling-strength-behind-rally/