u.today
According to the data provided by CryptoQuant, Ethereum's open interest has hit a new record high of $19.1 billion.
This is INSANE! 🤯🚨
— Maartunn (@JA_Maartun) May 27, 2025
Open Interest on Ethereum just hit an all-time high: 7.18M $ETH in futures, worth ~$19.1B. pic.twitter.com/xr2ULFjdcy
It is now steadily approaching the $20 billion mark while Ethereum ($ETH) is outperforming the broader market.
According to the CoinGecko data, Ethereum ($ETH) is changing hands at nearly $2,700 after adding an impressive 6% over the past 24 hours.
According to the data provided by the 100eyes Crypto Scanner, the $ETH price has now approached a key resistance level.
🚨 Crypto alert:
— 100eyes Crypto Scanner 🌐 (@100eyesCrypto) May 27, 2025
[#$ETH-#USDT] Near Horizontal Resistance (1h) pic.twitter.com/lckE7xcAsn
As reported by U.Today, publicly traded company SharpLink Gaming (SBET) recently announced the launch of a $425 million Ethereum reserve strategy after securing funding from various players, including Ethereum developer Consensys.
Some have interpreted this as Consensys CEO Joseph Lubin launching the pro-Ethereum version of business intelligence firm Strategy, which is known as the largest holder of the leading cryptocurrency. However, some naysayers claim that this is just a desperate move to make it seem like there is organic corporate demand for Ethereum ($ETH).