Ether Eyes $1,500 Support After 25% Open-Interest Decline

ETH

ETH/USDT

$2,689.87

+0.68%

$2,689.87

+0.68%

(24s)

24h Volume

$10,911,457,703.46

24h H/L

$2,743.00 / $2,667.33

Change: $75.67 (2.84%)

Long/Short

60.3%

Long: 60.3%Short: 39.7%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,690.81

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,778.89

Resistance 1$2,700.65

Price$2,690.81

Support 1$2,681.00

Support 2$2,314.75

Support 3$2,159.67

Pivot (PP):$2,700.65

Trend:Uptrend

RSI (14):63.5

Cointelegraph Staff

(09:21 PM UTC)

1 min read

Verified byMichael Roberts

0 comments

The Ether (ETH) futures market saw its open interest (OI) on Gate.io fall by 45% to levels last seen in April 2025. At the same time, nearly 480,000 ETH left Binance, OKX, Gemini and Bitfinex over the past few days, reducing the exchange-held supply.

The combined shift highlights a market with less leverage and declining exchange balances, placing greater focus on the $1,500 support zone…