Leveraged Bets On Ethereum Soar: What This Means For Traders and Investors

Quick Summary:

Investors Hold Firm While Price Targets Rise New Highs In ETH Open Interest And Leverage Ratios According to a recent analysis by CryptoQuant’s EgyHash, the open interest in Ethereum has surpassed its previous all-time high, marking a 40% increase in just four months and exceeding the $13 billion threshold.

Particularly, while Bitcoin’s price action remains a dominant force in the market, Ethereum’s derivatives activity suggests that it could be gearing up for notable upward momentum.

Commenting on what these rising metrics means for market participants, the CryptoQuant analyst wrote: While these trends underscore positive market sentiment toward ETH, it would be prudent to remain mindful of potential risks.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United KingdomSouth Korea

Topics: Altcoin Cryptoquant Ethereum ETH spot ETF Ethereum Market Cryptocurrency Market News ETHUSDT Crypto market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 07:30:34 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 78 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23732332

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions