Ethereum Open Interest Remains Strong Despite Market Uncertainty

Open interest on Ethereum (ETH) has held steady at Binance despite a recent decline in trading volume and continued selling pressure from derivatives markets. This suggests that some traders are still bullish, anticipating potential for price rebound. Analysis by CryptoQuant indicates that ETH’s open interest on Binance remains above $8.4 billion since August 30th, signaling a resilient market position amidst broader volatility.