Ethereum Breaks Above $2,700 as Binance Futures Open Interest Hits Nine-Month High

Ethereum has climbed back above the $2,700 threshold, rebounding from lows near $2,560 and sparking approximately $170 million in short liquidations. The spot rally is accompanied by a derivatives surge, with Ethereum futures open interest on Binance reaching a nine-month high of $6.58 billion. Positioning began recovering in late August from around $4.8 billion, expanding roughly 37% and adding $1.78 billion in active exposure. The momentum has also been supported by renewed whale activity, including a single purchase of 7,567 ETH valued at roughly $19.93 million.