Ethereum Breaks Through $4,200 Barrier: Market Structure Shows Signs of Strength

Ethereum prices have surged past the $4,200 mark for the first time since December 2021, fueled by strong buying activity and a healthy market structure. Open interest in Ethereum options increased 8.8% to reach $56.97 billion, indicating a surge in leveraged trading as traders seek to capitalize on the rising price momentum. This growth is being driven largely by spot market purchases rather than the driving force of aggressive funding rates.