Record $8B open interest on Ethereum futures shows the pros are 'here'
Cointelegraph
Published Apr 13, 2021 06:00PM ET
Updated Apr 13, 2021 07:40PM ET
The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this "success" takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.
With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether's price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13.
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Written By: Cointelegraph
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