On November 26, 2019, on-chain analysis company Coinglass revealed that the Ethereum (ETH) on-chain open interest (OI) surged by 8.9% in the past 24 hours, reaching a historical high of $22 billion. The current OI is more than twice the historical high of Ethereum in November 2021.
This highlights the increasing interest of traders in the asset, and it is possible that AltCoin will be pushed to new highs in the coming days.
The bullish catalyst for supporting the surge in ETH prices, in addition to the significant pump of unclosed position contracts, Ethereum has also been supported by recent
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