#Ethereum

🚨 Ethereum at a Crossroads! 📊

$ETH is down 4% this week, trading at ~$3,598, but on-chain data is flashing big signals! Open Interest in $ETH futures hit an all-time high of $77B on Binance, showing massive trader activity. 📈 Daily transactions on Ethereum’s network also reached a record high, driven by DeFi and layer-2 growth. 🚀

But here’s the catch: Net Taker Volume is heavily negative at -$418.8M daily, with 115,400 more ETH sold than bought. 🛑 This seller urgency could spark volatility, especially with leveraged positions piling up. Will ETH break out or break down? 👀