Open interest in the Ethereum futures market is exhibiting patterns reminiscent of May, indicating a potentially bullish trend. Despite a decline in Ethereum's price, open interest has surged, suggesting increased speculative activity. This trend has persisted even as Ethereum's price rebounded, further reinforcing the bullish outlook. The rise in open interest implies that more speculators are entering the market, which could sustain upward price momentum in the short term. This data underscores a positive market sentiment and a favorable environment for Ethereum investors.