According to data provided by Cryptoquant, Ethereum’s open interest reached a new record high of $19.1 billion.
This is insane! 🤯🚨
Ethereum’s open interest is the highest ever 7.18m ETH, worth ~$19.1 billion. pic.twitter.com/xr2ulfjdcy
-market (@je_mismun) May 27, 2025
Currently, Ethereum (ETH) is steadily approaching its $20 billion mark while it surpasses the broader market.
According to Coingecko data, Ethereum (ETH) has changed hands at nearly $2,700 after adding an impressive 6% over the past 24 hours.
According to data provided by the 100Eyes Crypto scanner, ETH prices are currently approaching major resistance levels.
Crypto Alerts:
(#eth-#usdt) Horizontal resistance near (1h) pic.twitter.com/lcke7xcasn– 100Eyes Crypto Scanner 🌐 (@100eyescrypto) May 27, 2025
As reported by U.Today, publicly-published company Sharplink Gaming (SBET) recently announced the launch of its $425 million Ethereum Reserve strategy after securing funding from a variety of players, including Ethereum Developer Consensys.
Some interpret this as Consensys CEO Joseph Lubin launching the parent version of the Business Intelligence Company Strategy, known as the biggest owner of major cryptocurrencies. However, some opponents argue that this is a desperate move to make it seem like there is an organic corporate demand for Ethereum (ETH).