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What Will Be the Case for Ethereum (ETH)? Market Maker Company Shares Latest Details

The derivatives market activity for Ethereum (ETH) is indicating strong bullish sentiment for the cryptocurrency, with open interest and implied volatility increasing. This has led to a significant price rally for ETH, gaining over 6% in the past 24 hours. Analysts have noted a shift in favor of ETH over Bitcoin (BTC), with open interest on exchanges reaching all-time highs. This shift is reflected in increased implied volatility for ETH and a preference for upside risk. The bullish momentum for ETH has also spilled over to altcoins, particularly ERC20 tokens, with Pepe memecoin experiencing significant gains.

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