ETH Faces Headwinds as OI Levels Rise with Ethereum ETFs Debut
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Ethereum's volatility has been exacerbated by ETFs and derivatives bets. Record-high leverage trading activity has raised liquidation fears. Ethereum’s upward trend has been challenged by ETF outflows. The cryptocurrency market has been in a state of flux as the debut of Ethereum spot ETFs coincides with increased volatility in the price of Ether (ETH). While the digital asset has seen a significant downturn in the past week, dropping by 6.60% to a low of $3,100 before rebounding to $3,300, underlying market dynamics suggest a more complex picture. Ethereum Open Interest Skyrockets A sharp increase in Ethereum’s Open Interest (OI),
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