Ether (ETH) saw an 11.7% increase in value from Sept. 17 to Sept. 19, reaching $2,572, a three-week high. This rise coincided with a surge in Ether futures open interest, indicating traders' concerns about potential price fluctuations due to increased leverage. The cryptocurrency market as a whole also experienced an 8.3% growth, driven by factors like a US interest rate cut and strong labor market data. Despite this, there are mixed opinions on the US Federal Reserve's economic strategy. While Ether futures interest hit a high, the market remains cautious. The article also discusses the impact of FedEx's earnings on the market and the stability of Ether futures premiums. The current market conditions differ from those in May, with a more balanced leverage distribution between long and short positions. Binance and Bybit dominate the Ether futures market, reflecting significant retail interest. Read more AI-generated news on: https://app.chaingpt.org/news

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