🚀 Ether (ETH) is stealing the crypto spotlight this week, folks! 🎉 With the SEC's decision on ETH spot ETFs looming, anticipation is driving prices up.

📈 ETH surged 25% in just two days, hitting a high of $3,900 - a level unseen since mid-March.

🔮 Market experts are now betting on a 75% chance of the SEC giving the green light to the funds.

📊 CryptoQuant data shows that traders in the perpetual futures market are going long on ETH, pushing prices even higher. Open interest in the futures market hit its highest level since Jan 2023, jumping from 2.8M ETH to 3.2M ETH ($11.7B) in a flash.

🔁 The Ethereum-Bitcoin Open Interest ratio also rose from 0.54 to 0.67, indicating a preference for more ETH exposure over BTC.

📈 Demand for ETH is also on the rise, with permanent holders accumulating over 100,000 ETH in 24 hours.

💰 With ETH's daily net flows into exchanges hitting 62,000, its highest level since early March, we could see some major price volatility soon.

🤔 What are your thoughts on the ETH rally? Are you bullish or bearish? Let's chat in the comments! #ETH #DeFi #CryptoNews