Ethereum Holds Above $2,300 As Open Interest Expansion Reinforces Uptrend Stability

Ethereum is showing renewed strength as the market tests key resistance levels following a prolonged period of downward pressure and consolidation. The recent price action suggests that buyers are gradually regaining control, with ETH attempting to build momentum as traders evaluate whether the current move can evolve into a broader recovery. Related Reading: Ethereum Whales Step In: $33M ETH Withdrawn From Exchanges In Hours While spot price action reflects improving sentiment, derivatives data points to deeper structural changes taking place beneath the surface. According to CryptoQuant analyst Arab Chain, the ETH Open Interest 30-day change indicator reveals a clear shift in how traders are positioning across major platforms. The data highlights a divergence in open interest flows, suggesting that liquidity is not leaving the market but rather being redistributed. On Binance, open interest has increased by approximately 11,400 ETH, indicating continued inflows of capital despite rec