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ETH futures activity surge but analysts call price directionless

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ETH open interest surged in September as more people have been actively trading ETH futures contracts, data from the analytics firm Kaiko revealed. Ho

ETH futures activity saw a significant surge since the start of September. Ethereum's long/short derivative positions indicate a slightly more neutral sentiment among traders. Ethereum's price stands to remain stagnant without new market momentum. wever, analysts describe the market as directionless due to the neutral to negative funding rates.

9604, suggesting slightly more long positions buyers than short positions sellers. However, the sentiment is leaning towards a more neutral sentiment at the time of writing. Ethereum's price could remain stagnant Venture capital firm Placeholder recently likened Ethereum to Android for its value of modularity.

 

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