Ethereum Approaches $5K with Record CME Futures Open Interest

Ethereum’s price is surging toward the $5,000 mark as record open interest in CME futures signals increased institutional involvement. This surge coincides with a robust accumulation zone between $4,300 and $4,400 on-chain, suggesting long-term confidence in Ethereum. Short-term contracts dominate CME activity, potentially leading to greater volatility around expiration periods.