🔥 Ethereum Open Interest Jumps 26% - But Are Bulls Really Back?
Ethereum is showing signs of life again. While $BTC continues to lead the broader market rally, ETH is holding above $2,300 and attracting a fresh wave of leveraged positions.
Open interest in $ETH futures just climbed to $25.4B, signaling that traders are stepping back in after weeks of weak momentum and failed breakouts.
Still, the picture isn’t fully bullish yet. Funding rates have struggled to stay positive, suggesting that confidence among traders remains mixed despite the price recovery.