Ethereum is trading above the key $2,700 mark, driving a resurgence in its derivatives market on Binance. The open interest on Ethereum futures on the platform reached $6.58 billion on September 21, up from approximately $4.8 billion at the end of August, representing a 37% increase in less than a month. This growth accounts for roughly $1.78 billion in new positions opened on Binance’s ETH derivatives market. Analysts predict that Ethereum could revisit the $3,000 level, supported by increasingly bullish sentiment.
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