{"id":32908,"date":"2024-11-27T15:47:46","date_gmt":"2024-11-27T12:47:46","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32908"},"modified":"2024-11-27T15:47:46","modified_gmt":"2024-11-27T12:47:46","slug":"is-ethereum-bull-run-approaching","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/is-ethereum-bull-run-approaching\/","title":{"rendered":"Is Ethereum Bull Run Approaching?"},"content":{"rendered":"<p>The increased activity in <strong>Ethereum<\/strong> derivatives, decentralized applications, and stablecoins highlights growing investor interest and usage of the blockchain. Rising data disproves claims that \u201c<strong>ETH<\/strong> is dead.\u201d<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/is-ethereum-bull-run-approaching\/#Recent_Data_Disproves_Claims_That_Ethereum_is_Dead\" title=\"Recent Data Disproves Claims That Ethereum is Dead\">Recent Data Disproves Claims That Ethereum is Dead<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/is-ethereum-bull-run-approaching\/#Ecosystem_and_Blockchain_Data\" title=\"Ecosystem and Blockchain Data\">Ecosystem and Blockchain Data<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Data_Disproves_Claims_That_Ethereum_is_Dead\"><\/span>Recent Data Disproves Claims That Ethereum is Dead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to CoinGlass data, the total open interest in <strong>ETH&#8217;s<\/strong> perpetual and standard futures contracts has reached an all-time high of <strong>6.32 million ETH<\/strong> (approximately $27 billion), marking a 17% increase since the beginning of the month.<\/p>\n<p>This rise aligns with Bitcoin\u2019s recent gains, pushing the ETH price up by 35% to <strong>$3,400<\/strong>.<\/p>\n<p>Three-month <strong>ETH<\/strong> futures premiums are also on the rise. These premiums have reached an annual rate of 16% on platforms like <strong>Binance, OKX, and Deribit<\/strong>, while CME recorded 14%. Such high premiums have increased interest in cash and carry trades and accelerated inflows into spot ETH <strong>ETFs<\/strong> listed in the U.S.<\/p>\n<p>In the Deribit options market, open interest reached $7.33 billion, marking the highest level since June. Active contracts surpassed 2 million, indicating a resurgence in market activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-142117 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/11\/ethereum-1.jpg\" alt=\"ethereum\" width=\"1280\" height=\"720\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ecosystem_and_Blockchain_Data\"><\/span>Ecosystem and Blockchain Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The total value locked (TVL) in Ethereum\u2019s decentralized applications has reached $65 billion for the first time since May 2022. Of this amount, $32 billion comes from the liquid staking platform Lido, with Aave at $26 billion and EigenLayer at $14 billion. These figures demonstrate the rapid growth of the Ethereum ecosystem and the trust investors have in it.<\/p>\n<p>The Ethereum network has also regained its dominance in the stablecoin market, surpassing Tron for the first time since June 2022 and hosting $60.3 billion USDT. On-chain metrics such as revenue, transaction fees, and wallet creation continue to show steady growth month over month. This expansion reinforces Ethereum\u2019s position not just as a store of value but as the primary platform for decentralized finance (DeFi) applications.<\/p>\n<p>Additionally, <strong>Donald Trump<\/strong>\u2019s presidential victory has revived bullish expectations for the DeFi ecosystem. His administration&#8217;s campaign promises to ease crypto regulations and grant more freedom to the industry could pave the way for rapid growth of DeFi platforms in the U.S. This political shift may drive increased demand for Ethereum and other major DeFi tokens, contributing to a broader market momentum.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The increased activity in Ethereum derivatives, decentralized applications, and stablecoins highlights growing investor interest and usage of the blockchain. Rising data disproves claims that \u201cETH is dead.\u201d Recent Data Disproves Claims That Ethereum is Dead According to CoinGlass data, the total open interest in ETH&#8217;s perpetual and standard futures contracts has reached an all-time high<\/p>\n","protected":false},"author":29,"featured_media":32916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[1589,1730,3652,106,105],"class_list":["post-32908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bull","tag-donald-trump","tag-eigenlayer","tag-eth","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Ethereum Bull Run Approaching? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/is-ethereum-bull-run-approaching\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Ethereum Bull Run Approaching? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The increased activity in Ethereum derivatives, decentralized applications, and stablecoins highlights growing investor interest and usage of the blockchain. 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