Ethereum’s open interest in the past few months, as the market has been under the control of the sellers. Ethereum suffered especially after collapsing from $ 4000 to less than $ 2000 within four months. During this time, the Bitcoin price remained close to its highest level ever, highlighting Performed during this time.
The open interest ethereum decreases at November 2024 levels
Currently, the open interest ethereum has decreased to less than 20 billion dollars, which represents the lack of interest that afflicted the second largest encrypted currency in the past few months. This is the result of a fixed decline since December 2024, in the wake of the collapse of the ETHEREUM price of more than 50 % so far.
It is an interesting fact about the open interest now is the fact that it has now returned to the levels in which it returned in November 2024. This was the time period when the price of ETH was rising and reached its peak for 3 years of $ 4000. This may indicate that the price of Ethereum may witness a recovery soon in the same context. However, the differences in circumstances do not cry completely, because the bears dominate more than the bulls at this stage.
The open interest increased from 32 billion dollars at the end of January 2025, such as It appears on Coinglass. Since then, it has been constantly shattered, and its way was made with the price of ETH. However, this may end until it is good news for the encrypted currency.
Usually, during low attention times when the reflection begins, as shown at times without number. as, With interest in Ethereum very lowThis is the place where Altcoin begins to record the bottom and start moving up again.
ETH whales return to the table or departure?
Ethereum whale transactions have continued to fall, and over the past seven days, there has been a noticeable decrease. according to Data from InTothheblockMay began to drop in particular with less than 3000 transactions carrying $ 100,000 or more than ETH by May 3-4. This follows the lack of attention that was seen in open attention as well.
The profitability also decreased especially during this time. As 91 % of all bitcoin holders are currently in profit, the majority of Etherum investors lose nursing by 52 %. This leaves only 42 % of those who see profit, and 7 % sit in a tie. This number can decrease more If Ethereum fails to recover and falls about 1500 dollars.
The graph from Tradingview.com
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