Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K By Cointelegraph
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Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K Traders’ sentiment about Ether (ETH) has noticeably improved as the price rallied 7.5% from Oct. 2 to 6, but the price recapturing the $1,350 level was not compelling enough to trigger any bullish activity from derivatives traders.
Ether price is still 32% below the $2,000 level last seen on Aug. 14 and the network’s average transaction fee stood near $2 after the Merge.
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Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K Traders’ sentiment about Ether (ETH) has noticeably improved as the price rallied 7.5% from Oct. 2 to 6, but the price recapturing the $1,350 level was not compelling enough to trigger any bullish activity from derivatives traders.
Ether price is still 32% below the $2,000 level last seen on Aug. 14 and the network’s average transaction fee stood near $2 after the Merge.
Continue Reading on Coin Telegraph
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