🚀 Despite a rocky 2024, Ethereum (ETH) is still in the game! Open interest in ETH derivatives has dropped from $12B to $7.65B, echoing early-year levels. While bearish sentiment looms, this could be a setup for a future rally. 📉

Funding rates are below their 50-day moving average, hinting at potential short squeezes. Whales are accumulating, but retail traders are cautious. ETH’s narrative is shifting, but its role in DeFi and passive income remains strong. Stay tuned, the crypto market is always full of surprises! #Ethereum #Crypto #Blockchain #Web3