{"id":131133,"date":"2024-11-28T19:29:47","date_gmt":"2024-11-28T12:29:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=131133"},"modified":"2024-11-28T19:29:47","modified_gmt":"2024-11-28T12:29:47","slug":"cme-ethereum-futures-interest-hits-record-highs-whats-next-for-eth","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=131133","title":{"rendered":"CME Ethereum Futures Interest hits record highs &#8211; What\u2019s next for ETH?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Institutional players doubled on ETH as CME Futures OI hit a record high of $2.5 billion<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">With ETH gaining ground against BTC, will the momentum be sustainable this time?\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Institutional interest in <\/span><a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Ethereum [ETH]<\/span><\/a><span style=\"font-weight: 400;\"> more than doubled in November, with CME Futures Open Interest (OI) hitting a record high of 662,600 ETH (about $2.5 billion). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, according to K33 Research, this pointed to a sharp jump from 350,950 ETH on 4 November, just before the Presidential elections in the United States.\u00a0<\/span><\/p>\n<div id=\"attachment_447063\" style=\"width: 594px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/K33-Research-CME-ETH-Futures.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447063\" class=\"wp-image-447063 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/K33-Research-CME-ETH-Futures.png\" alt=\"Ethereum Futures\" width=\"584\" height=\"307\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/K33-Research-CME-ETH-Futures.png 584w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/K33-Research-CME-ETH-Futures-300x158.png 300w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447063\" class=\"wp-caption-text\">Source: K33 Research<\/p>\n<\/div>\n<h2>ETH closes in on BTC<\/h2>\n<p><span style=\"font-weight: 400;\">On 25 November, the CME ETH Futures volume climbed even higher. The ETH annualized basis \u2013 the premium hedge funds get when they buy U.S spot ETH ETFs and short ETH Futures \u2013 also edged higher. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">This trend has since outpaced the BTC pattern since the U.S elections, noted Coinbase research analyst David Han. Han <\/span><a href=\"https:\/\/x.com\/0xdavidhan\/status\/1861468022096945431\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cCME ETH basis has recently expanded beyond BTC as well after trailing behind it for the past several months.\u201d<\/span><\/p>\n<\/blockquote>\n<div id=\"attachment_447065\" style=\"width: 885px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447065\" class=\"wp-image-447065 size-full\" alt=\"Ethereum Futures\" width=\"875\" height=\"492\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis.png 875w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis-768x432.png 768w\" data-lazy-sizes=\"(max-width: 875px) 100vw, 875px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447065\" class=\"wp-image-447065 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis.png\" alt=\"Ethereum Futures\" width=\"875\" height=\"492\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis.png 875w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Ethereum-Futures-CME-Basis-768x432.png 768w\" sizes=\"auto, (max-width: 875px) 100vw, 875px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447065\" class=\"wp-caption-text\">Source: Coinbase<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">While the hike in institutional interest could be a net positive for ETH\u2019s price, hedging strategies adopted by hedge funds can expose the asset to wild price swings accelerated by liquidations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That being said, ETH\u2019s growing momentum against BTC was also evident in the ETHBTC ratio, with the same tracking the altcoin\u2019s relative performance to BTC. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, ETH has attracted more flows over the past seven days, as evidenced by the nearly 15% hike in the ETHBTC ratio.\u00a0<\/span><\/p>\n<div id=\"attachment_447066\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447066\" class=\"wp-image-447066 size-full\" alt=\"Ethereum Futures\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1200x558.png 1200w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447066\" class=\"wp-image-447066 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24.png\" alt=\"Ethereum Futures\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHBTC_2024-11-27_15-59-24-1200x558.png 1200w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447066\" class=\"wp-caption-text\">Source: ETH\/BTC, TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This meant that ETH outperformed BTC over the past few days, especially during BTC\u2019s latest slump.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the trend could only be sustainable if the ETHBTC ratio decisively soared above the 50-day SMA (Simple Moving Average).\u00a0<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Ethereum [ETH] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-2025<\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">We saw a false breakout in early November, which led ETH to underperform afterwards. Will this time be different, with the ETHBTC ratio flirting with the 50-day MA?<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> At press time, ETH was valued at $3.4K, up 4% in the last 24 hours, with the immediate targets at $3500 and $3600.\u00a0<\/span><\/p>\n<div id=\"attachment_447069\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447069\" class=\"wp-image-447069 size-full\" alt=\"Ethereum Futures\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1200x558.png 1200w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447069\" class=\"wp-image-447069 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20.png\" alt=\"Ethereum Futures\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/ETHUSDT_2024-11-27_16-42-20-1200x558.png 1200w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447069\" class=\"wp-caption-text\">Source: ETH\/USDT, TradingView<\/p>\n<\/div>\n<div class=\"post-nav\">\n<div class=\"previous-blog\">\n\t\t\t\t\t\t\t\t\t\t\tPrevious: <a href=\"https:\/\/ambcrypto.com\/how-did-whales-cash-in-on-torn-after-u-s-courts-ruling-in-tornado-cash-case\/\" rel=\"next\" data-wpel-link=\"internal\">How did whales cash in on TORN after U.S Court\u2019s ruling in Tornado Cash case?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/can-sand-recover-from-bearish-trends-as-volatility-spikes\/\" rel=\"prev\" data-wpel-link=\"internal\">Can SAND recover from bearish trends as volatility spikes?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/cme-ethereum-futures-interest-hits-record-highs-whats-next-for-eth\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institutional players doubled on ETH as CME Futures OI hit a record high of $2.5 billion With ETH gaining ground against BTC, will the momentum be sustainable this time?\u00a0 Institutional &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=131133\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-131133","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/131133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131133"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/131133\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}