đ **Ether's Roller Coaster: From $3,600 Dreams to $3,000 Reality!** đ
Ether (ETH) took a wild ride, dropping 10% between July 31 and Aug. 2, hitting $3,000 for the first time since July 8. Meanwhile, the broader crypto market only dipped 6.8%. Despite the drop, Ether futures open interest soared to a seven-month high. đ
- **Futures Frenzy:** Increased interest in ETH futures suggests institutional investors are diving in, but it doesn't necessarily mean bullish times ahead.
- **ETF Drama:** New Ether ETFs saw mixed inflows, with BlackRock and Fidelity gaining while Grayscale saw outflows.
- **Liquidation Station:** The $3,000 dip triggered $141M in leveraged long liquidations, yet traders remain undeterred.
**What's Next?** Will ETH rally to $3,600 or continue its bumpy ride? Share your thoughts in the comments! đŹ
#Crypto #Ethereum #MarketTrends