Cointelegraph.com.au
  • bitcoin
    BTC$50,861.003.09%
  • ethereum
    ETH$1,654.883.56%
  • ripple
    XRP$0.481-1.71%
  • litecoin
    LTC$185.413.22%
  • bitcoin-cash
    BCH$544.392.63%
  • eos
    EOS$3.992.01%
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Blockchain News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Blockchain News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    Cointelegraph.com.au
    No Result
    View All Result
    Home News Ethereum News

    Ethereum Open Interest Reaches All-Time High Alongside Record Breaking Rally

    Cryptotelegraph by Cryptotelegraph
    January 24, 2021
    in Ethereum News
    Reading Time: 5min read
    1.5k 31
    0
    Ethereum Open Interest Reaches All-Time High Alongside Record Breaking Rally
    38.8k
    VIEWS
    Share on FacebookShare on Twitter

    <span class="wpg-tooltip-term-title">Altcoin</span></h3><div class="wpg-tooltip-content">Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/altcoin/">» Read more</a><p></div>”>Altcoin season is now official, with the highest ranked of the bunch setting a new all-time high today – much like Bitcoin did late last year. At the same time, open interest in Ethereum Futures contracts has never been higher, suggesting that the momentum, volatility, and potential upside has only just started.

    Here’s a closer look at the cryptocurrency’s recent record-breaking rally compared to its last peak, and what investors can expect from here according to top industry analysts.

    Bitcoin Buying Interest Spills Into Altcoins, Sends Ethereum To Record Prices

    Bitcoin blasting well beyond its former record and causing widespread FOMO, has spilled into altcoins that have since grown by an even larger margin comparably.


    5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

    Related Reading | Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken

    Last year, Ethereum outpaced Bitcoin on an ROI-basis but failed to break its former all-time high while the top cryptocurrency did. But as of the last 24 hours, it was the top altcoin’s time to shine.

    ethereum open interest ethusd tradingview

    ethereum open interest ethusd tradingview

    A new all-time high price record was set, beating the January 2018 peak | Source: ETHUSD on TradingView.com

    The number two-ranked cryptocurrency by market cap now has broken its former record set back in January 2018. Now that the record is broken, analysts expect ETH prices to double within the span of two weeks.

    Related articles

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    February 25, 2021
    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    February 24, 2021

    Price estimates per token range from $3,500 to $20,000, and a December 2021 Options contract strike price hints at possible $10,000 per ETH by the end of 2021. And with open interest elsewhere in the derivatives market so high, there is a strong chance prices reach such levels.

    All-Time High Open Interest Could Keep The Cryptocurrency Trending

    According to glassnode data, it isn’t just Ethereum prices setting a new all-time high. Open interest across Ethereum Futures contracts are at the highest level in history, suggesting that the volatility and trend are likely sustainable for some time.

    Related Reading | Ethereum Options Contract Hints At The Altcoin Closing 2021 Over $10K

    Open interest on Ethereum Futures contracts have achieved a milestone $4.5 billion, with $1.1 billion alone in positions open on Binance.

    ethereum open interest glassnode

    ethereum open interest glassnode

    Open interest on ETH derivatives reaches ATH alongside new record | Source: glassnode on Twitter

    Ethereum is only just now reaching its former all-time high and has only thus far left a wick above the previous record. But the market is well aware of what just happened with Bitcoin, doubling in price in a matter of days.

    Traders are loading up on Ethereum positions expecting a similar move, but the former all-time high could also pose too strong of resistance, and act as a turning point.

    Is this time different, and the former peak will act as the <span class="wpg-tooltip-term-title">Altcoin</span></h3><div class="wpg-tooltip-content">Altcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”. There are over 1,500 altcoins with many more planned for release.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/altcoin/">» Read more</a><p></div>”>altcoin’s top? Or will Ethereum follow Bitcoin and double in value in the days ahead, driven by record Futures open interest?

    Featured image from Deposit Photos, Charts from TradingView.com
    Tags: altcoinscryptoETHethbtcethereumethusdETHUSDTglassnodeopen interest

    Read More From Original Source

    Tags: altcoinscryptoETHethbtcethereumETHUSDethusdtglassnodeopen interest
    Share2017Tweet1261
    Cryptotelegraph

    Cryptotelegraph

    CoinTelegraph is Australia’s number one source for cryptocurrency news, digital currencies and blockchain technology. We source the most reliable news content from around the web, leading influencers, CEO’s and PR and News Agencies, providing up-to-date news and insightful analysis. From technical price analysis, business news and community events. Cointelegraph covers the crypto industry with accurate and timely reports. So whether you’re trying to find the most up to date news on cryptocurrencies like; Bitcoin, Ethereum, XRP, EOS, NEO, Litecoin and various others. Or news regarding major ICOs which are presently trending and obtaining traction! Then look no further as CoinTelegraph is your number on resource tool.

    Related Posts

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    by Cryptotelegraph
    February 25, 2021
    0

    Ethereum started a sharp decline below $1,850 against the US Dollar. ETH price spiked towards $1,500 and it is currently...

    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    by Cryptotelegraph
    February 24, 2021
    0

    Ripple remained stable above $0.5000, while there were heavy losses in bitcoin and ethereum against the US Dollar. XRP price...

    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    by Cryptotelegraph
    February 24, 2021
    0

    Ethereum tanked wildly in the running weekly session, shedding up to 30 percent of its valuation in just two days...

    Ethereum Shifts Under $1,400 as Crypto Bloodbath Continues

    Ethereum Shifts Under $1,400 as Crypto Bloodbath Continues

    by Cryptotelegraph
    February 25, 2021
    0

    Ethereum has seen immense volatility over the past two days as the bullish trend has finally begun to slow. It...

    Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

    Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

    by Cryptotelegraph
    February 25, 2021
    0

    Ethereum traded to a new all-time high near $2,040 before correcting lower against the US Dollar. ETH price is trading...

    Load More

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    I agree to the Terms & Conditions and Privacy Policy.

    • Trending
    • Comments
    • Latest
    Binary Bot 95%| Free Download

    Binary Bot 95%| Free Download

    March 12, 2020
    FREE BITCOIN CRYPTOTAB HACK SCRIPT 2020 , 14 BTC WORKING

    FREE BITCOIN CRYPTOTAB HACK SCRIPT 2020 , 14 BTC WORKING

    March 31, 2020
    Savingscoin – Blockchain and On-Chain Order Book – Preview

    Savingscoin – Blockchain and On-Chain Order Book – Preview

    July 6, 2020
    𝗙𝗿𝗲𝗲 Blockchain fake bitcoin transaction software (R.B.F full option)

    𝗙𝗿𝗲𝗲 Blockchain fake bitcoin transaction software (R.B.F full option)

    February 16, 2020
    4.0 Introduces the T-Bridge Framework, a Generalized Framework for Private-Public Blockchain Asset and Data Bridges

    4.0 Introduces the T-Bridge Framework, a Generalized Framework for Private-Public Blockchain Asset and Data Bridges

    29
    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    0
    Jeff Macke Loses it on CNBC

    Jeff Macke Loses it on CNBC

    0
    CNBC, 05/07/10, Brian Kelly sold all his stocks today (Dow 10,380 this day)

    CNBC, 05/07/10, Brian Kelly sold all his stocks today (Dow 10,380 this day)

    0
    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    February 25, 2021
    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    February 24, 2021
    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    February 24, 2021
    Ethereum Shifts Under $1,400 as Crypto Bloodbath Continues

    Ethereum Shifts Under $1,400 as Crypto Bloodbath Continues

    February 25, 2021
    bitcoin Bitcoin
    $50,861.00
    $50,861.00
    EUR: €41,889.63
    GBP: £36,060.81
    7D Chart3.09%
    ethereum Ethereum
    $1,654.88
    $1,654.88
    EUR: €1,362.98
    GBP: £1,173.32
    7D Chart3.56%
    tether Tether
    $1.000
    $1.000
    EUR: €0.824
    GBP: £0.709
    7D Chart-0.13%
    cardano Cardano
    $1.05
    $1.05
    EUR: €0.865
    GBP: £0.744
    7D Chart8.00%
    ripple XRP
    $0.481
    $0.481
    EUR: €0.396
    GBP: £0.341
    7D Chart-1.71%
    litecoin Litecoin
    $185.41
    $185.41
    EUR: €152.71
    GBP: £131.46
    7D Chart3.22%
    bitcoin-cash Bitcoin Cash
    $544.39
    $544.39
    EUR: €448.37
    GBP: £385.98
    7D Chart2.63%
    eos EOS
    $3.99
    $3.99
    EUR: €3.29
    GBP: £2.83
    7D Chart2.01%

    Recent News

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

    February 25, 2021
    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    Charted: Why Ripple (XRP) Could Outperform Bitcoin And Ethereum In Short-Term

    February 24, 2021
    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    2 Reasons Why Ethereum Could Reclaim Record Highs Above $2,000

    February 24, 2021

    Categories

    • Altcoin News
    • Altcoin Videos
    • Analysis
    • Bitcoin News
    • Bitcoin Videos
    • Blockchain Videos
    • Ethereum News
    • Ethereum Videos
    • ICO News
    • ICO Videos
    • News
    • Press Releases
    • Technology
    Cointelegraph.com.au

    Bringing you the very latest crypto news and reviews from around the world.

    • About
    • Contact Us
    • Submit Press Release
    • Privacy Policy

    © 2019 Cointelegraph.com.au

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Blockchain News
      • Press Releases
      • Analysis
      • ICO News
      • Technology
    • Videos
      • Altcoin Videos
      • Bitcoin Videos
      • Blockchain Videos
      • Ethereum Videos
      • ICO Videos
    • Crypto Exchanges
    • Market Cap
    • ICOs
    • Submit Press Release
    • Contact Us

    © 2019 Cointelegraph.com.au

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    • bitcoinBitcoin(BTC)$50,861.003.09%
      BITCOIN
      24H : 3.09%
      Volume : $72,630,603,382.00
      Marketcap : $947,947,702,715.00
    • ethereumEthereum(ETH)$1,654.883.56%
      ETHEREUM
      24H : 3.56%
      Volume : $39,703,372,001.00
      Marketcap : $189,996,752,345.00
    • tetherTether(USDT)$1.000-0.13%
      TETHER
      24H : -0.13%
      Volume : $130,820,175,980.00
      Marketcap : $35,056,068,898.00
    • cardanoCardano(ADA)$1.058.00%
      CARDANO
      24H : 8.00%
      Volume : $7,655,646,437.00
      Marketcap : $33,690,635,455.00
    • rippleXRP(XRP)$0.481-1.71%
      XRP
      24H : -1.71%
      Volume : $7,259,926,453.00
      Marketcap : $21,989,707,029.00
    • litecoinLitecoin(LTC)$185.413.22%
      LITECOIN
      24H : 3.22%
      Volume : $8,162,092,872.00
      Marketcap : $12,336,990,552.00
    • chainlinkChainlink(LINK)$28.407.74%
      CHAINLINK
      24H : 7.74%
      Volume : $2,976,636,419.00
      Marketcap : $11,618,882,056.00
    • bitcoin-cashBitcoin Cash(BCH)$544.392.63%
      BITCOIN CASH
      24H : 2.63%
      Volume : $6,850,556,561.00
      Marketcap : $10,162,006,901.00
    • stellarStellar(XLM)$0.4174.82%
      STELLAR
      24H : 4.82%
      Volume : $1,721,443,646.00
      Marketcap : $9,392,679,623.00
    • usd-coinUSD Coin(USDC)$1.000-0.79%
      USD COIN
      24H : -0.79%
      Volume : $2,860,278,019.00
      Marketcap : $8,424,587,525.00
    • dogecoinDogecoin(DOGE)$0.05719.09%
      DOGECOIN
      24H : 19.09%
      Volume : $4,511,835,223.00
      Marketcap : $7,396,426,796.00
    • okbOKB(OKB)$19.1312.43%
      OKB
      24H : 12.43%
      Volume : $795,955,683.00
      Marketcap : $5,221,417,427.00
    • nemNEM(XEM)$0.533-1.06%
      NEM
      24H : -1.06%
      Volume : $670,286,388.00
      Marketcap : $4,792,667,139.00
    • eosEOS(EOS)$3.992.01%
      EOS
      24H : 2.01%
      Volume : $3,920,566,020.00
      Marketcap : $3,809,712,221.00
    • moneroMonero(XMR)$208.83-6.13%
      MONERO
      24H : -6.13%
      Volume : $885,207,895.00
      Marketcap : $3,727,275,850.00
    • tronTRON(TRX)$0.0497.06%
      TRON
      24H : 7.06%
      Volume : $2,529,717,454.00
      Marketcap : $3,526,158,552.00
    • iotaIOTA(MIOTA)$1.2311.27%
      IOTA
      24H : 11.27%
      Volume : $294,772,402.00
      Marketcap : $3,428,515,391.00
    • neoNEO(NEO)$41.924.37%
      NEO
      24H : 4.37%
      Volume : $1,559,565,030.00
      Marketcap : $2,958,877,415.00
    • vechainVeChain(VET)$0.0442.42%
      VECHAIN
      24H : 2.42%
      Volume : $630,710,529.00
      Marketcap : $2,853,418,454.00
    • tezosTezos(XTZ)$3.61-0.36%
      TEZOS
      24H : -0.36%
      Volume : $515,843,220.00
      Marketcap : $2,760,386,717.00
    • dashDash(DASH)$247.044.47%
      DASH
      24H : 4.47%
      Volume : $2,163,272,970.00
      Marketcap : $2,468,017,133.00
    • makerMaker(MKR)$2,291.411.27%
      MAKER
      24H : 1.27%
      Volume : $149,689,989.00
      Marketcap : $2,069,438,037.00
    • zcashZcash(ZEC)$135.423.70%
      ZCASH
      24H : 3.70%
      Volume : $1,700,523,907.00
      Marketcap : $1,469,906,754.00
    • ethereum-classicEthereum Classic(ETC)$12.123.15%
      ETHEREUM CLASSIC
      24H : 3.15%
      Volume : $2,097,758,510.00
      Marketcap : $1,413,010,349.00
    • zilliqaZilliqa(ZIL)$0.1188.55%
      ZILLIQA
      24H : 8.55%
      Volume : $319,102,947.00
      Marketcap : $1,383,636,536.00
    • wavesWaves(WAVES)$10.005.59%
      WAVES
      24H : 5.59%
      Volume : $93,838,671.00
      Marketcap : $999,815,145.00
    • ontologyOntology(ONT)$1.032.14%
      ONTOLOGY
      24H : 2.14%
      Volume : $732,154,855.00
      Marketcap : $834,675,374.00
    • omisegoOMG Network(OMG)$4.925.48%
      OMG NETWORK
      24H : 5.48%
      Volume : $437,073,999.00
      Marketcap : $690,898,389.00
    • bitcoin-goldBitcoin Gold(BTG)$28.70-4.69%
      BITCOIN GOLD
      24H : -4.69%
      Volume : $86,548,771.00
      Marketcap : $499,145,915.00

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.