🚀 Ether's on a rollercoaster, soaring 15% to flirt with $3,500 for the first time in four months! But wait, is this a bullish party or just a strategic dance? 🤔

- Ether futures open interest hit a record $22 billion, with Binance, Bybit, and OKX leading the charge.

- CME's $2.5 billion stake hints at growing institutional interest, a sign of market maturity.

- Despite the excitement, strategies like cash and carry show it's not all bullish vibes.

Retail traders, beware! Leverage-loving "degens" risk liquidation with a mere 5% price dip. Share your thoughts on these market moves in the comments!