While Ethereum (ETH) fluctuates around $4,000, CME Futures Open Interest for ETH is soaring. Analysts predict a new all-time high for ETH this year. Ethereum’s OI has been on the rise, especially with short-term contracts, indicating strong institutional participation. However, a surge in long-term contracts could signal increased institutional confidence and potential for ETH’s long-term growth. The analyst foresees ETH reaching $6,800 by 2025, but notes that global economic shifts could affect this momentum. Positive exchange data and growing institutional interest in ETH further support the case for a new ATH.
https://altcoin.observer/ethereum-at-6800-by-the-end-of-the-year-future-cme-data-shows-a-recorded-institutional-request/
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