bitcoin
Ethereum Open Interest Breaks October 9 Threshold: Traders Return Post-Shakeout
📰 sources⭐ 6.0
TL;DR:
Ethereum is showing tentative signs of relief after weeks of downside pressure, but the recovery remains fragile. The price is currently struggling to push decisively above the $3,400 level, a zone that has repeatedly acted as resistance during recent attempts to rebound.
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence ETH price action and market sentiment in the near term.