Ethereum’s trading activity has been experiencing explosive growth recently. In July, CME Group recorded an unprecedented $118 billion in monthly futures trading volume for Ethereum, a 82% increase compared to the previous month. This dramatic surge is reflected in open interest figures as well, which rose by 75%, from $2.97 billion in June to $5.21 billion by the end of July. As a result, ETH prices reached over $4,300 this weekend. The price has remained above $4,300 since then, even reaching as high as $4,350 on Monday before a slight retracement. 75% of market growth in open interest is also reflected in CoinGlass data, which reports a massive increase to over $36.3 billion at the end of August. The rise in price is fueled by strong investor interest coupled with low funding rates, indicating healthy trading activity without excessive leverage. This surge in activity is further evidenced by Google search data, which shows a significant spike in Ethereum-related searches since June 2022. CryptoAppsy also reports that ETH prices are up by 18.64% in the last 24 hours, showing steady upward momentum.