Ethereum Price Surge Raises Concerns: CryptoQuant Warns of Potential Volatility

Crypto analytics firm CryptoQuant has released a new analysis of the Ethereum (ETH) market, highlighting recent price surges and potential future volatility. The study indicates that ETH’s climb to record highs is being fueled by substantial inflows on Binance exchange, raising questions about selling pressure versus margin trading activity. The surge comes as Bitcoin continues its upward trajectory. Meanwhile, Binance ETH open interest has reached all-time high levels, signaling strong speculative activity and a volatile market environment. The firm notes that funding rates remain neutral, potentially leading to significant short or long liquidations with any price fluctuations.