Ethereum Slips Nearly 5% After Open Interest Jump, Data Shows 7.1% Rise

Ethereum fell nearly 5% over the past 24 hours after briefly reclaiming $2,150 and then sliding back near $2,000. Derivatives positioning shifted ahead of the move, with a 7.1% increase in ETH open interest on Wednesday. More than $94 million in ETH positions were liquidated over the past day, while Bitcoin saw $83.8 million.