ETH Open Interest Soars 7.4% with 75% Success Rate, Signals Potential Price Surge

Ethereum’s open interest (OI) has jumped by 7.4% in a single day, signaling a potential price surge fueled by increased leveraged activity. Chart analysis shows a strong setup with a reported 75% success rate, drawing attention from traders as the price line aligns closely with these shifts. This correlation between price and open interest suggests increasing leveraged positions are pushing Ethereum’s prices into notable movements.