Ethereum (ETH) Price Prediction: Ethereum Forms 2017-Style Bullish Pennant as Open Interest Drop Fuels $8,000 Breakout

Ethereum (ETH) seems to have caught its second wind after a prolonged period of market speculation. According to on-chain data, Ethereum’s open interest (OI)-the amount of money tied up in speculative futures contracts-has plummeted. We’re talking a 37% drop, from a peak of $30 billion to a humble $19 billion. But here’s the kicker: while OI is down, ETH price has only fallen about 20% from its $4,000 high. Talk about a healthy correction, right? 🏋️♂️







