Why Ethereum Seems To Be Cursed Speaking to his 178,000 followers on X, Adam pointed to a striking increase in Ethereum-related open interest, remarking: "ETH having the title of the most cursed coin in existence is well deserved because open interest in coins increased by 110% since August, yet the price is trading 20% below the 2024 highs; that’s genuinely quite bad.” In his view, this divergence between trader enthusiasm and the coin’s ongoing price stagnation indicates a fundamental gap that cannot be explained away simply by market volatility.
Crypto analyst Adam (@abetrade) has sparked substantial debate by declaring that Ethereum is "the most cursed coin in existence,” suggesting that despite a notable uptick in overall market interest, the second-largest cryptocurrency remains stubbornly below its potential.
He underscored that this dynamic seems to have brought about a paradox: while higher open interest often suggests growing market confidence, Ethereum’s price trajectory has failed to mirror such optimism, potentially because of selling pressure from the spot market.
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