[Analysis] “Ethereum futures trading volume surges…highest since mid-December”

Ethereum (ETH) futures trading volume has surged.

On the 17th (Korea time), CryptoQuant contributor Arabchain said in a report, “Ethereum futures trading volume on Binance rose to about $21.7 billion,” adding, “this is the first time since mid-December.” He went on to assess that “this clearly shows strong momentum is flowing back into the Ethereum futures market.”

The contributor explained that “for several weeks since mid-December, futures volume slowed relatively, because it coincided with a period of price stabilization and reduced risk appetite among both short-term and institutional investors.” He emphasized, however, that “the recent sharp rise in futures volume suggests this stance has clearly shifted.”

The contributor said that rising demand in the futures market indicates growing interest in Ethereum. He noted that “an increase in futures volume in itself does not imply bullishness or bearishness,” but added that “if such an increase is accompanied by a clear price move, it serves as a key participation indicator that boosts confidence in the market direction currently taking shape.”