ETH TRADERS RAMP UP POSITIONING, SETTING A PRICE TARGET AT $3.4K
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5ODI3ZTgtYzJjZi03NDI5LTk5NDYtNDQ3NzgyZTVhY2Vh.jpg
✍️ Ethereum traders are rotating back into leverage, with derivatives traders reallocating risk into ETH, while Bitcoin shows declining open interest.
👉 Ethereum's futures-to-spot ratio has risen sharply to 6.84, its highest level in Q4. 👉 Derivatives traders are reallocating risk into ETH while Bitcoin shows declining open interest. 👉 Technical structure remains constructive, with bulls eyeing a potential run toward $3,390 if key levels flip. 👉 ETH futures attract more attention from traders, with a notable decline in Bitcoin open interest over the last two weeks.
-- #Scient #Ken #KingpinCrypto #technology
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