Ethereum (ETH) is up nearly 2% on Tuesday following predictions from Bitwise chief investment officer (CIO) Matt Hougan that ETH ETFs could help push ETH to a new all-time high above $5,000.
Ethereum ETFs will push ETH to a new all-time high above $5,000, says Bitwise. Citi predicts ETH ETFs will attract around $5 billion in net inflows within six months of launch. Peter Brandt suggests ETH could rally 60% if it makes a key move. Ethereum is up nearly 2% on Tuesday following predictions from Bitwise chief investment officer Matt Hougan that ETH ETFs could help push ETH to a new all-time high above $5,000.
In the past 24 hours, ETH witnessed over $45 million in liquidations, with shorts leading the line at $25.36 million and longs at $19.92 million in liquidations. ETH's options open interest has risen 13% in the past 24 hours to $6.66 billion. Open interest is the total amount of unsettled contracts in a derivatives market. An increase in options OI combined with price growth indicates a potential for more upside in a market.
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