Crypto
ETH Price Surges to $2,690 on Consolidation
Ethereum's price has seen a slight surge to $2,690, up by 1.6% over 24 hours.
This comes as derivatives exposure contracts and spot demands turn ETH prediction bullish.
Open interest in ETH derivatives has fallen to 12.49 million ETH, its lowest level since March 1, and is down 1.46 million ETH since ETH’s recovery began in early July.
The setup is a consolidation, not a confirmed breakout, with spot bids potentially absorbing further selling.