🔥 Ethereum Set to Explode? All-Time High Open Interest Signals a Big Move!

Ethereum (ETH) dropped 4% last week and currently sits at $3,598, down 1% in the past 24 hours. But while price action looks weak, on-chain data is telling a different story.

According to CryptoQuant, ETH is showing record-breaking activity — with Open Interest (OI) on Binance futures hitting $77 billion. That’s the highest ever, signaling massive trader engagement and possible big price swings ahead.

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📊 Why It Matters:

🔹 OI spike = more capital flowing into ETH futures

🔹 Daily ETH transactions also hit a new high, boosted by DeFi, Layer-2s, and ETH-based dApps

🔹 But caution: High leverage = high risk — any sudden drop could trigger mass liquidations

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👀 Bearish Pressure in the Short Term?

Another CryptoQuant analyst, Maartunn, reports that Net Taker Volume is at -$418.8M/day, meaning more ETH is being sold at market than bought — a bearish short-term signal.

This suggests that sellers are aggressive, and unless buyers step in, ETH could see more downside before a rebound.

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🧠 The Takeaway:

ETH still trades below the crucial $4,000 resistance. Despite strong fundamentals and booming network activity, the price remains stuck.

⚠️ Volatility ahead is likely. Keep an eye on leverage, OI, and market sentiment. This could be the calm before the breakout — or breakdown.

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💬 What’s your move? Bullish or Bearish on ETH this week?

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