Ethereum’s Open Interest Hits Stratospheric $19.1B – What Happens Next? 🚀

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And just like that, Ethereum has done it again! According to the fine folks at CryptoQuant, Ethereum’s open interest has shattered records and is now sitting pretty at a ridiculous $19.1 billion. I mean, who needs sleep when you’re making this kind of noise, right? 😱

This is INSANE! 🤯🚨

Open Interest on Ethereum just hit an all-time high: 7.18M ETH in futures, worth ~$19.1B.

— Maartunn (@JA_Maartun) May 27, 2025

At this rate, the $20 billion mark is practically a formality. Ethereum (ETH) is leaving the rest of the market in the dust, like that one kid in school who always aced every exam and then somehow got a trophy for just showing up. 🏆

Let’s talk numbers: according to CoinGecko, Ethereum is now trading at nearly $2,700, having just added a tasty 6% in the last 24 hours. At this pace, Ethereum might soon start charging rent for space on the blockchain! 😏

But wait, there’s more. The trusty 100eyes Crypto Scanner (yes, you read that right, it’s a thing) tells us that Ethereum’s price has just cozied up to a key resistance level. Like a determined dog about to catch its tail, Ethereum seems ready to make a move. 🐕💨

🚨 Crypto alert:
[#ETHUSDT] Near Horizontal Resistance (1h)

— 100eyes Crypto Scanner 🌐 (@100eyesCrypto) May 27, 2025

Now, hold on to your hats, because here’s a juicy little tidbit. SharpLink Gaming (SBET), the public company that everyone’s talking about (and not just because of their pizza parties), recently announced a $425 million Ethereum reserve strategy. It’s like a treasure hunt, but for blockchain enthusiasts. They’ve got the backing of some big names, including Ethereum’s very own Consensys. 👀

Some people are calling it a masterstroke by Consensys CEO Joseph Lubin, dubbing it the “pro-Ethereum” business intelligence move. Others, though, are rolling their eyes and claiming it’s just another “we’re totally not panicking” strategy. Classic, right? 🙄

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2025-05-27 22:22