Ether open interest sees 26% increase as markets rally: Are traders into ETH again?

Ether open interest sees 26% increase as markets rally: Are traders into ETH again?

2.20%TRX$0.3251 0.24%BCH$442.46 1.63%DOGE$0.09711 4.08%XLM$0.1599 2.79%ETH$2,357 1.18%BNB$624.29 1.26%SOL$85.26 2.14%HYPE$44.83 1.83%XMR$342.79 0.23%XRP$1.40 3.44%ADA$0.2492 3.85%BTC$74,872 0.69%USD Written by Marcel Pechman,Staff WriterReviewed by Ray Salmond,Staff EditorEther open interest sees 26% increase as markets rally: Are traders into ETH again?5 hours agoInstitutional investors are buying Ether again, but a handful of factors could slow market momentum and negatively impact ETH’s rally. Institutional ETH accumulation remains robust as Ether ETFs and Bitmine Immersion lead a healthy, spot-driven recovery. Lackluster DApp revenue and negative ETH funding rates suggest that traders are skeptical of the rally. Ether (ETH) price managed to sustain above $2,300 on Wednesday, distancing itself from the $1,940 lows seen on March 29. The recent rally has caused ETH futures open interest

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