NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

Ethereum Open Interest Jumps, XRP Bears Not Done Selling

Ethereum Open Interest Jumps, XRP Bears Not Done Selling
Share on FacebookShare on Twitter

Ethereum Open Interest Jumps, XRP Bears Not Done Selling; SUI Eyes AVAX Spot

Ethereum Open Interest Turns Bullish

Ethereum, the frontline altcoin, has decoupled from Bitcoin’s price. As of writing, the coin is trading at $2,789.12, up by 2.21% in 24 hours, while Bitcoin’s price is down 1.36% to $96,634. The growing positive sentiment among Ethereum futures traders is reflected in the data from Coinglass, which shows a marginally up trend in open interest. With a total of 8.57 million ETH, valued at $23.94 billion, committed by futures traders, this may signal the start of a solo ride for the ETH price. The potential for the ETH price to reclaim $3000 remains optimal, as the coin has dropped as low as $2,500 in earlier trading, confirming the proponent’s forecast for a sustained revival.

XRP Bears In Spotlight, SUI and AVAX Drags Spot

XRP has continued to nosedive as of writing, trading for $0.2397 and shedding more than 5% in 24 hours. For a coin named a candidate to displace ETH, the odds are currently not in its favor. SUI and AVAX, meanwhile, are dragging spot, down by 6.66% to 1.72%, respectively, changing hands for $3.349 and $25.98.

The SUI price outlook is particularly noteworthy, with the coin trailing behind AVAX with a $340 million margin. However, SUI has hit multiple all-time highs in this bull run, while Avalanche has not seen an ATH in over 3 years. On occasions, SUI hovers new ATHs, a sign that if bearish conditions thin out, it may overtake AVAX soon.

ETH and XRP to Lead Altcoin Rebound

As the most capitalized altcoins in the market, Ethereum and XRP are likely positioned to lead the sector’s recovery. XRP, in particular, remains in the spotlight, considering its potential for long-term bullish action. The push for XRP ETF in the United States may fuel a positive market reaction for the coin when activated.

Conclusion

The cryptocurrency market has seen a resurgence in recent trading sessions, with Ethereum’s open interest jumping marginally. As the frontline altcoin, ETH has decoupled from Bitcoin’s price and is poised to continue its rally. XRP, on the other hand, is struggling, but its long-term potential remains significant. Meanwhile, SUI and AVAX are dragging spot, but the SUI price outlook is worth keeping an eye on.

FAQs

What is the current price of Ethereum?

The current price of Ethereum is $2,789.12.

What is the current price of XRP?

The current price of XRP is $0.2397.

Why is Ethereum’s open interest increasing?

Ethereum’s open interest is increasing due to a growing positive sentiment among futures traders.

Why is XRP struggling?

XRP is struggling due to its recent price nosedive, shedding more than 5% in 24 hours.

What is the potential for the ETH price to reclaim $3000?

The potential for the ETH price to reclaim $3000 remains optimal, as the coin has dropped as low as $2,500 in earlier trading, confirming the proponent’s forecast for a sustained revival.

cryptoendevr

cryptoendevr

Related Stories

How to split Bitcoin Runes

How to split Bitcoin Runes

February 22, 2025
0

How to Split Your Runes on Magic Eden We've left no stone unturned when it comes to the buzzing Runes...

12 Tips to Secure Your Hardware Wallet

12 Tips to Secure Your Hardware Wallet

February 22, 2025
0

Safeguarding Your Digital Assets: A Guide to Secure Your Multi-Cryptocurrency Hardware Wallet Just purchasing a hardware wallet is not a...

How to Make a Profit by Trading Cryptocurrency

How to Make a Profit by Trading Cryptocurrency

February 21, 2025
0

Here is the rewritten HTML content: Welcome to Our Guide to Making Money with Cryptocurrency The crypto industry offers a...

A Comprehensive Guide to Crypto Regulations in Australia

A Comprehensive Guide to Crypto Regulations in Australia

February 21, 2025
0

Cryptocurrencies have taken the world by storm, gaining widespread acceptance and recognition. In Australia, cryptocurrencies are legal and recognized as...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

July 10, 2025
Iran / US Retaliation & Correlation with Crypto 📈

Iran / US Retaliation & Correlation with Crypto 📈

July 10, 2025
Ether Rally To K Possible As ETF Flows, Futures OI Soar

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

July 10, 2025
Rex-Osprey Solana staking ETF doubles cumulative inflows to M on July 8

Rex-Osprey Solana staking ETF doubles cumulative inflows to $41M on July 8

July 10, 2025
BTR: AI, Compliance, and the Future of Mainframe Modernization

BTR: AI, Compliance, and the Future of Mainframe Modernization

July 10, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr