Ethereum is now demonstrating steady price growth, posting a 6% rise in the past day as the broader cryptocurrency market rallied. This upward momentum follows news of a US executive order establishing a national digital asset stockpile, contributing to a positive market environment. Amid this backdrop, CryptoQuant analyst ShayanBTC has provided a fresh perspective on Ethereum’s current trajectory. Shayan highlights an interesting divergence between the increasing open interest in Ethereum futures and the price, which has yet to reach previous highs. Related Reading: Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next? Growing Futures Market and Divergent Price Action According to Shayan in a post recently uploaded on the CryptoQuant QuickTake platform, Ethereum’s open interest—an indicator of active futures contracts—has surged to its highest levels in recent weeks, indicating heightened market participation and growing interest among traders. The analyst notes that the rise in ETH’s open interest and slow price response suggests a disconnect between market sentiment and price performance. While futures traders appear optimistic, this optimism has not yet translated ..
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