Ethereum’s price rebound gained momentum, rising from $3,530 (July 24) to above $3,900, with $4,000 now in sight. The rally is backed by surging market activity:
- Spot volume: $32.95B (+47.3% in 24h)
- Open interest: $59.94B (+7.72%)
- Derivatives volume: $89.16B (+61.44%)
Futures open interest has eclipsed $60B for the first time, coinciding with SharpLink’s latest purchase of 77,210 ETH (~$295M). The firm now holds 438,017 ETH (~$1.69B), largely staked via Figment and Hoppers DApp.
