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Ethereum: Is ETH’s hike making traders take riskier bets?

Press Releases Crypto News AMB-Crypto Ethereum: Is ETH’s hike making traders take riskier bets?

Ethereum maintained a bullish bias on the price charts.
The supply distribution offered an interesting insight.

Ethereum [ETH] broke out past the $2.6k resistance that the sellers defended since mid-January. The recent uptrend saw a massive uptick in the Open Interest behind Ethereum.

A recent Santiment post on X (formerly Twitter) noted that Bitcoin [BTC] and Ethereum noted large increases in the OI. For ETH, the last time the OI was at $5.4 billion was back in March 2022.

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Author: Akashnath S

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