Ethereum futures open interest has reached a record high, surpassing $20 billion across all exchanges, according to data from CryptoQuant. This surging open interest signifies a bullish sentiment in the market. Investors are expressing increasing confidence in Ethereum, anticipating future price advances. As speculation mounts, market participants are keenly watching how these trends will evolve. The rise in open interest could lead to enhanced trading volatility and further engagement in the Ethereum ecosystem. Analysts suggest this momentum could continue to influence overall market dynamics for Ethereum.