Ethereum’s open interest in the futures market has seen a notable increase of about 6.5%. This rise indicates a growing accumulation of long positions, with nearly 10 million Ethereum locked in futures contracts, despite the spot price remaining relatively low.

Analysts suggest that if Ethereum can break through its current resistance level, it may lead to a significant price increase. The current trends in the futures market reflect a bullish sentiment among traders, which could pave the way for upward momentum in Ethereum’s value.

• 6.5% increase in open interest
• Nearly 10 million Ethereum in futures contracts
• Potential for significant price increase if resistance is broken

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