Ethereum: $3,500 or Bust? 🚀💰 The Crypto Rollercoaster Continues!

Open interest, the number of open positions (both long and short), has had a bit of a workout lately, spiking like a teenager’s enthusiasm for TikTok. This indicates more liquidity, volatility, and, let’s be honest, drama in the derivative market. But here’s the kicker: ETH’s open interest is lounging around $20 to $21 billion, well below its previous peak of $30 billion. So, while it’s not exactly a snooze fest, it’s also not a forced-liquidation apocalypse waiting to happen near $3,000. Phew! 😌






