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Ethereum holds $3K, for now – How can ETH’s price stay above it?

  • 📰 CryptoAmb
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The rise in the Ethereum Open Interest means it could swing between long and short positions in the coming days.

The Open Interest has also seen significant movements, and its next direction could significantly impact traders’ sentiment.

Before the decline, Open Interest exceeded $10 billion, falling to around $7.2 billion during the downturn. The dominance of short positions would imply an expected decline in price, potentially leading to negative sentiment.

 

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