📉 Ethereum is back in the spotlight!

- After falling below $2,200, over 40,000 ETH (~$90 million) was withdrawn from derivatives exchanges.

- CryptoQuant analyst believes this may reduce selling pressure.

- ETH open interest fell by $171 million, but quickly recovered.

- Despite the price increase by 1.3%, sentiment remains negative.

- ETH ETFs in the US also showed an outflow of $568.5 million.

#Cryptocurrencies#Ethereum