Interest in ETH futures is also seen on major exchanges. In that sense, we have BitMex, OKEx and Huobi with interest on their Ethereum derivatives rising. For example, on February 14, brokerage firms saw an interest of $ 234, $ 220 and $ 184 million, respectively. Another highlight happened on February 18 when OKEx negotiated US $ 209 million and Huobi US $ 223 million, thus reaching new records. In the past 24 hours alone, each of the three exchanges traded more than $ 1 billion in ETH futures.
In conclusion, if Ethereum manages to keep its army of users at this pace of aggressive purchases and a rally increasingly independent of Bitcoin's performance, it could reach $ 8
According to Alex Kruger, Ethereum's average trading volume last week exceeded four times that of the second half of 2019. As a result, the price of ETH has risen more than 120% in the last 50 days.
While there is a big movement in the crypto market, one more trader shows positive thinking about Ethereum. Josh Rager, co-founder of Blockroots, believes that the new ETH maxim in the coming years will be $ 8,000.
