Ethereum is now trading above $3,000, at $3,037 to be precise, with a daily gain of 3.5%. This increase comes after Ethereum experienced a nearly 40% drop in the past month, which left it 38% below its record high of $4,946 reached in August. 24-hour trading volume was recorded at $21 billion, down about 5% from the previous day. However, derivatives activity showed a different picture, with futures volume down 10% to $76 billion, while open interest rose 6.59% to $37 billion.