Ethereum is enjoying its strongest third quarter on record, rising 13% in the first 20 days of August and advancing from $1,386 in April to $4,783 last week, within sight of its 2021 peak. The token’s outperformance comes as broader risk appetite improves despite lingering macroeconomic headwinds such as sticky U.S. inflation.
Institutional interest appears to be accelerating: open interest in CME’s Ether futures climbed to an all-time high of roughly $8.3 billion on 20 August, and aggregate ETH futures volumes also set new records this week. The surge suggests that professional traders are increasing exposure to the second-largest cryptocurrency as volatility and liquidity in the asset deepen.
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