Crypto
Ethereum Price Falters at Key Resistance Amid Growing Leverage
Ethereum's price has been hovering slightly below $1,900 after experiencing a 3% decline on Thursday. The top altcoin's open interest in derivatives markets has increased to 14.60 million ETH, its highest level since June 7.
The return of leverage could help expand Ethereum's recent rise, but emerging signals of a negative funding rate flip also bring a price squeeze into the picture.
US spot ETH exchange-traded funds continued their positive streak with $72.64 million in net inflows on Thursday, marking four consecutive days of such inflows.