Ethereum's open interest stands at approximately $16.4 billion, with $15.8 billion in perpetual contracts and $622.9 million in futures contracts.

This substantial open interest indicates a high level of market participation and could be a signal of a potential market shift toward Ethereum.

Currently, Ethereum (ETH) is trading at $3,291.57, reflecting a slight decrease of 1.7% from the previous close.

Investors should monitor these developments closely, as significant changes in open interest can precede price volatility.