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Ethereum Price Forecast: ETH jumps alongside a spike in open interest, realized price could limit upside
Ethereum (ETH) has jumped above $2,100 on Wednesday, following a general recovery across the crypto market. The move was accompanied by a spike in Ethereum's open interest (OI), which has increased to 13.43M ETH — its highest level since January 31. The top altcoin's OI has been rising since February 19, adding 1.2M ETH over the past two weeks. The growth comes amid $152 million in Ethereum liquidations over the past 24 hours, dominated by $129 million in short liquidations, according to Coinglass data. Open interest is the total worth of outstanding contracts in a derivatives market. A jump in OI indicates that ... (full story)
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