Ethereum

Ethereum futures open interest hits 19-month high, yet ETH price weakness intensifies.

Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.

Ether experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to its highest level in seven months, leading traders to speculate whether a rally to $3,600 is the next probable move.

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