After a long wait, ETH’s price action gave hope to investors. However, things did not look quite as promising for ETH in the derivatives market as its perpetual FTX open interest declined. Furthermore, most of the on-chain metrics hinted towards a trend reversal soon. Nonetheless, a few market indicators provided some relief to investors as they suggested a continued price hike in the coming days.After a long wait, ETH’s price action gave hope to investors. However, things did not look quite as promising for ETH in the derivatives market as its perpetual FTX open interest declined. Furthermore, most of the on-chain metrics hinted towards a trend reversal soon. Nonetheless, a few market indicators provided some relief to investors as they suggested a continued price hike in the coming days.
