Ethereum Stabilizes at $3.1K with Record-Breaking Interest in Futures

ETH Price Surge: Ether (ETH) gained 38.5% in 30 days, surpassing $3,100, influenced by potential Ether ETF approval.

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Leverage Concerns: Ether futures open interest surpassed $10 billion, sparking concerns after the 55% correction in November 2021.

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Rising Demand: Within two weeks, open interest rose from $8.5 billion to $10.6 billion.

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ETF Anticipation: JPMorgan sees a 50% chance of an Ether ETF by May, boosting optimism.

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Derivative Health: ETH futures premium and options market indicate healthy investor sentiment post-surge.

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