Ether's price has been on a rollercoaster, dropping 6% between March 19 and 21 after failing to break the $2,050 resistance level. Since February 21, ETH has tumbled 28%, lagging behind the broader crypto market's 14% decline. Despite this, Ether futures open interest hit a record high on March 21, sparking curiosity about potential large investor moves.
The futures market saw a 15% rise in open interest, reaching 10.23 million ETH, but demand for leveraged long positions remains weak. Meanwhile, Ether's price is pressured by macroeconomic risks and declining demand for decentralized applications.
The futures market saw a 15% rise in open interest, reaching 10.23 million ETH, but demand for leveraged long positions remains weak. Meanwhile, Ether's price is pressured by macroeconomic risks and declining demand for decentralized applications.