The Ethereum price has been on a rather disappointing run for investors over the last month and this decline has seen it fall to the low $1,800s. As the onslaught continues, the question now is will Ethereum be able to cross the $2,000 resistance before the month runs out?

ETH Open Interest On The Rise

One interesting factor about the current trend for the digital asset is the rate at which open interest is growing. Now, during times of falling prices where long traders are suffering the most in the market, open interest tends to decline as traders start to pull back from bullish positions. However, that has not been the case lately.

For example, in the last day, the ETH open interest rose 16.77% on CoinEx, 14.48% on OKX, and 13.08% on Bitget. It doesn’t end there as the likes of Huobi …