Binance Ethereum Futures Interest Hits Nine-Month High

Binance's Ethereum futures interest has reached its highest level in nine months.

A record high of $6.58 billion in open positions was recorded on September 21, marking a 37% increase from the previous peak of $4.8 billion in August.

This surge in interest is accompanied by a new wave of buying, with approximately $1.78 billion worth of new positions being taken out, indicating growing participation in the derivatives market.

Ethereum's price has risen to above $2,700, and analysts are now eyeing the $3,000 level as their next target.