Ethereum Is So Back? ETH Price Jumps to 2025 High Amid Open Interest Surge
Ethereum's price reached a new 2025 high of $3,848, trading around $3,786 after a 26% increase over the past week. The cryptocurrency remains 22% below its all-time high of $4,878 from 2021. Open interest in ETH has surpassed $56 billion, indicating significant trading activity. Increased interest from American investors in Ethereum exchange-traded funds (ETFs) has led to over $726 million in net inflows, marking a record trading day. The Ethereum network supports decentralized applications and stablecoin trading, contributing to its price surge. Recent legislation, such as the GENIUS Act, may encourage new stablecoin issuance. Companies are adopting Bitcoin treasury strategies by purchasing ETH; BitMine Immersion and SharpLink Gaming have invested heavily in the cryptocurrency, each holding assets worth over $1 billion.
