🔶Ethereum reached a new all-time high of $4,887, while open interest in futures on Binance also set a record, surpassing $12.7 billion. Trading activity has surged, with daily derivatives volume doubling to $149 billion, solidifying Binance’s leadership in the market. According to analyst Burak Kehmeci, the simultaneous strengthening of spot and futures markets has become the “two wings” of Ethereum’s rally.
🔶However, not all experts share this optimism. Analyst Mignolet warns of overheating: the supply-demand imbalance in both BTC and ETH has reached historic highs, leaving the market vulnerable to sharp corrections. He advises traders to focus on risk management rather than chasing the last leg of the rally.
