Ethereum’s market value has hit $2,250 for the first time in over 1.5 years, as reported by Santiment. The surge coincides with a rise in both Ethereum open interest and long positions, signaling a growing fear of missing out (FOMO) among investors.
Cautioning the traders, Santiment further noted that Ethereum’s price could still climb up but traders shouldn’t leverage greedy positions.
Ethereum Open Interest Records $8.45 Bln Mark
Source: Coinglass
Ethereum’s open interest rose to above $8 billion, according to Coinglass data, following a price rise above $2.2K. The last time ETH open interest was noted to be higher than it is now was in November 2022.
The major open interest data was recorded from Binance, Bybit, and OKX of $2.56 billion, $1.56 billion, and $1.32 billion respectively. As the price soared, traders started taking short positions.
Additionally, the Total Value Locked (TVL) of Ethereum can also be seen rising from $21 billion in October to $32 billion currently.
We współpracy z: https://coingape.com/ethereum-breaks-above-2200-as-eth-open-interest-surges-above-8-bln/
