🚀 Ether (ETH) skyrocketed 11.7% from Sept. 17-19, hitting a three-week high of $2,572. This surge coincided with a spike in Ether futures open interest, signaling traders are gearing up for some action. 📈
- Lower US interest rates are giving ETH a boost, but the economy's still a wild card.
- ETH's rally mirrored an 8.3% gain in the broader crypto market.
- S&P 500 also hit an all-time high on Sept. 19.
Despite macroeconomic jitters, ETH futures open interest hit 4.66 million ETH on Sept. 19, the highest since January 2023.
What do you think? Bullish or bearish? Drop your thoughts in the comments! 💬