Ethereum Open Interest Plummets Ahead of Potential Bull Run

Ethereum’s open interest has dropped back to levels seen before its previous significant rally, sparking anticipation for a potential new upward surge. This decrease in outstanding futures contracts provides insight into market sentiment and momentum, potentially indicating a shift towards a more sustained price increase. Traders closely watch for further confirmation from indicators like spot buying trends, on-chain activity, and resistance levels to gauge whether this is the beginning of a bullish trend.