In a significant show of investor confidence, Ethereum’s futures open interest (OI) has surged from $17 billion to $30 billion over the past 30 days — a staggering 76.5% increase, according to data shared by Cointelegraph Markets & Research.
The rapid rise reflects renewed bullish sentiment across the crypto markets and hints at heightened market participation around Ethereum.
The sharp jump in futures open interest, which represents the total value of outstanding futures contracts that haven’t been settled, suggests that both institutional and retail traders are positioning for further upside in ETH. This aligns with recent developments such as Ethereum’s push above key resistance levels and increasing anticipation for broader adoption.
Historically, rising open interest accompanied by positive price action can serve as a strong indicator of sustainable bullish momentum. The green bars in the provided chart depict open interest growth alongside ETH’s steady price climb, reinforcing optimism among investors.
Additionally, this uptick follows a broader trend of growing capital inflows into Ethereum-based products. It also comes at a time when macroeconomic concerns and central bank policy uncertainty are prompting more market participants to turn to crypto as an alternative investment class.
With Ethereum now holding over $30 billion in open futures positions, the second-largest cryptocurrency by market cap appears to be gearing up for a critical phase. Should this momentum continue, it could help fuel a broader altcoin rally and reassert ETH’s leadership in the DeFi and smart contract sectors.
As always, market participants are advised to monitor volatility closely. While rising open interest can be a bullish signal, sudden shifts in leverage and sentiment could still introduce risks.
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-open-interest-soars-76-in-one-month-signaling-bullish-momentum/