Ethereum Futures Open Interest Hits Four-Month High as Analysts Eye $3,000
- —Ethereum futures open interest reached a four-month high
- —Analysts outline a technical path for ETH toward $3,000
- —Elevated OI raises the risk of cascading liquidations
- —Exact open interest value was not disclosed in the reports
Why it matters: Rising open interest amplifies ETH volatility: a confirmed break above $3,000 could accelerate gains, while a reversal risks liquidation cascades.
Source: Bitcoin Insider