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Ethereum Price Forecast: ETH derivatives begin a comeback, but realized price resistance caps recovery
Following a brief price rise above $2,300 over the past few days, Ethereum's open interest (OI) jumped to about 14.42 million ETH on Tuesday, its highest level since September, before easing toward 13.79 million ETH on Wednesday. Open interest is the total worth of outstanding contracts in a derivatives market. The top altcoin's OI has been rising since mid-February, indicating a gradual increase in risk appetite among derivatives traders. The Ethereum Estimated Leverage Ratio (ELR) also paints a similar picture. The metric tracks the average leverage applied by derivatives traders. Following the October 10 leverage ... (full story)