Ethereum (ETH) $3,485 price has increased by 5% in the last 24 hours, surpassing the $3,500 mark. Meanwhile, Bitcoin $95,942 is trading around $98,500, facing resistance near the $100,000 threshold.
Ethereum Open Positions Hit Record Highs
Velte Lunde, Research Director at K33 Research, reported that open positions in CME’s Ether futures have nearly doubled since the last election, reaching record levels. In recent days, the Ether futures premium has surpassed that of Bitcoin, resulting in significant changes in market dynamics.
The ETH/BTC pair holds critical importance in determining future movements. Following Trump’s victory, Ethereum underperformed compared to other altcoins during the