ETHGas Price Rebounds 38% Amid New Buying Pressure

The price of ETHGas (GWEI) has rebounded by 38% after falling below its Coinbase listing price, rising to about $0.0275.

This recovery is attributed to a near doubling of Open Interest in GWEI futures to $14.85 million, indicating new capital inflows rather than panic selling.

Market data shows that bulls hold a majority of positions, and technical indicators suggest the selling pressure may have ended.

If this momentum continues, GWEI could test resistance near $0.064 next.