Ether (ETH) surged by 15% from November 20 to 27, approaching the $3,500 mark for the first time in four months. 📈 Open interest in Ethereum futures reached a record $22 billion, raising concerns about excessive optimism in the market. However, high activity in the derivatives market does not always indicate bullish sentiment. Retail traders are at risk of liquidation, especially when using 20x leverage.