The CME Micro Ether Futures market saw a 5% rise in open interest this week, signaling growing speculative demand among retail and algo funds. Prices hovering at $3,150–$3,220 suggest consolidation before potential volatility spikes around upcoming FOMC minutes release. In March 2024, ethereum implemented the Dencun upgrade, which reduced transaction costs for Layer 2’s and increased the transactions per second (TPS) at which they could post to Layer 1. The adoption of Layer 2’s has shifted noticeably over the last year. In addition, the Pectra upgrade, expected in Q1 2025, is one of the largest hard forks ever in terms of the Ethereum Improvement Proposal (EIP) count. It aims to improve protocol efficiency, enhance the user experience and expand data capacity, as well as pave the way for future scalability enhancements. In 2024, ether gained around 53% compared to bitcoin’s 113% surge, however, ether’s recent performance shows promise. Since the U.S. election results, ether has increased 39%, outperforming bitcoin’s 35% gain. This signals a potential resurgence driven by market optimism over President Donald Trump’s anticipated pro-crypto policies. Micro Ether Futures are drawing increased liquidity from arbitrage desks as ETH spot-futures basis widens to 1.8% annualized. Market participants expect a short-term bullish bias if ETH maintains above $3,250, tracking correlated strength in Bitcoin futures.
Return this item within 90 days of purchase.
Get an immediate answer with AI
AI-generated from the text of manufacturer documentation. To verify or get additional information, please contact The Home Depot customer service.