Ethereum is experiencing heightened attention from traders, as evidenced by the Chicago Mercantile Exchange (CME) reporting a new all-time high in open interest for Ethereum futures. This surge indicates increased speculative activity and institutional interest in the cryptocurrency market.

Additionally, the supply of Ethereum denominated in Tether (USDT) has grown by 27% in November, suggesting a rising demand for Ethereum transactions and liquidity. These developments highlight Ethereum's expanding role in the digital asset ecosystem, reflecting broader trends in cryptocurrency adoption and market dynamics.