Ethereum Stays Above $3,500 as Open Interest Drops

Quick Summary:

Ethereum kept its ground above $3,500 as open interest drops—a sign that traders don't expect wild swings in either direction.

Institutions have already started to express their interest in Ethereum ETFs.

Ethereum’s recent uptick can be attributed to short liquidations, as $19.33 million was liquidated in the past 24 hours, while long liquidations stood at $11.11 million, according to derivatives analytics platform Coinglass.

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Article Details

Author / Journalist: Tarang Khaitan

Category: Crypto

Markets: Estonia

Topics: Ethereum ETH Ethereum price Breaking Push Derivatives Open interest Eth price Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 12:49:41 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21320827

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 9 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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