Ethereum Price Surges to New Highs as Open Interest Reaches Record Levels

Ethereum has seen a significant surge in price, reaching a new all-time high above $4,200. This upward trend is being driven by rising open interest and increasing investor demand. Analysts attribute the market momentum to expanding decentralized finance (DeFi) applications and the growing involvement of institutional investors. The recent trading activity shows that open interest has increased significantly alongside price gains, indicating a controlled and potentially sustainable market strength.