Crypto: Ethereum Futures signal a bull market!

The Ethereum futures market is currently in the spotlight, with recent data indicating a significant increase in open interest. This situation raises questions about the future direction of ETH crypto: are we facing a bullish or bearish trend?

Open interest for Ethereum futures has recently reached all-time highs, reflecting increased investor confidence in the future rise of ETH prices. A key indicator, the taker buy-sell ratio, shows a strong increase in buy orders. Suggesting a bullish trend for the crypto.

Binance and Bybit dominate this market with respective open positions of $4.55 billion and $2.4 billion. Significantly influencing price movements. This concentration of activity on a few major crypto platforms can have a noticeable impact on the overall market.

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