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[Delphi Daily] ETH Can’t Stop, Won’t Stop

May 4, 2021 · 2 min read

By Ashwath Balakrishnan, and Jeremy Ong

Data Digest

1. ETH futures/perpetuals volume and open interest rise
2. ETH options volume flips BTC options volume
3. ETH funding still at sane levels
4. Meebits raises $78 million in half a day

Key Takeaways

We’re barely four days into May and ETH is already up 20% for the month. Trading volume and open interest on futures and perpetuals are increasing in lockstep with price. When trading volume and open interest increase together, it’s a pretty reliable sign that the market’s current trend is set for continuation i.e. that ETH still has some strength.

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