Ethereum Hits A New Record – Massive ETH Achievement

Ethereum has been making headlines a lot lately, and the project is marking another massive achievement. Check out the latest reports below.

It’s been just revealed that Ethereum options OI has just hit a new ATH of $8 billion.

Check out the following tweet, which shows the ETH trajectory.

Ethereum options OI hits $8b, a new all-time-high. pic.twitter.com/a2QuLgWsfm

— unfolded. (@cryptounfolded) August 12, 2022

Regarding the price of ETH today, at the moment of writing this article, ETH is trading in the red and the coin is priced at $1,903.

There are all kinds of optimistic price predicitons for ETH and BTC and the latest ones are detailed below.

A while ago, we revealed the fact that the optimistic crypto predictions continue despite the massive market volatility.

Crypto veteran Bobby Lee said that he remains bullish on Bitcoin (BTC), Ethereum (ETH). He’s also bullish on the wider crypto market despite the recent downturn.

In an interview with Bloomberg, Lee made sure to explain the fact that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their ATHs recorded back in November of 2021.

He also explained the fact that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will boost the two coins to their new ATHs.

“I’m very bullish on Bitcoin and cryptocurrency. It’s just that I think last time I was on the show I was worried about the price. In the short term, there was a price correction.”

He continued and explained the following:

“And compared to then, Bitcoin and Ethereum have both come up more than 20% in price. And I think I think the call for bear market that might be premature. We’ll see. Right.”