In the past month, $ETH activity expanded significantly, affecting both volumes and open interest. Now, $ETH markets are showing signals of selling pressure.
$ETH is showing signs of selling pressure, affecting both derivative and spot markets. After becoming one of the leading assets in September, $ETH now has to defend the $2,700 level again, while traders recover their conviction.
Over the weekend, $ETH open interest continued to expand, rising from $18B to $18.7B, recovering after a period of liquidations. As of October 2, $ETH open interest briefly peaked at $19.9B, the highest level since November 2025. $ETH is yet to recover its open interest from before October 10, 2025, but has shown more liveliness in the past month.
