Published on juni 6, 2024, 6:30 pm
Image source: Fox News
```json [ "Ether's volatility surges post-spot Ether ETF approval, hitting $4,000 briefly before correcting. Leveraged long liquidations totaling $46.58 million observed. Ethereum futures open interest peaks at $17.09 billion on May 28, consolidating above $3,700 with sustained high open interest at $16.1 billion. CME options trading volume for Ether futures reaches a record high in May at $931 million - up 115% from April.", "Analysts note institutional interest rising in Ether after spot Ethereum ETF approval, with implied volatility suggesting significant price movements expected ahead of the ETF launch. Market anticipates increasing Ether price volatility as the launch nears. Perpetual contracts show bullish bias with rising funding rates indicating optimism in leveraged long positions.", "Ethereum is currently trading at $3,843, up by 1.2% in the last 24 hours according to CoinGecko data." ] ```
Ether volatility sees surge post-spot Ether ETF approval, hits $4,000 briefly before correcting. Leveraged long liquidations of $46.58 million noted. Ethereum futures open interest peaks at $17.09 billion on May 28 with consolidation above $3,700 sustaining high open interest at $16.1 billion. Chicago Mercantile Exchange (CME) options trading volume for Ether futures hits record high in May at $931 million – up 115% from April’s volume of $615.75 million.
Analysts suggest institutional interest rise in Ether post spot Ethereum ETFs approval; implied volatility indicates anticipation of significant price movements ahead of ETF launch. Market expects Ether price to become more volatile as launch approaches. Perpetual contracts show bullish bias with increased funding rates signaling optimism in leveraged long positions.
At present, Ethereum trades at $3,843, up 1.2% in the last 24 hours according to CoinGecko data.
Please note this article does not offer investment advice; readers are advised to conduct their research before making any financial decisions related to cryptocurrency investments.
Original article posted by Fox News
