Ethereum’s 9-Year Triangle Near Breakout – $10,000 Target in Sight
Gate.io saw a significant drop in its Ethereum-based open interest, losing 461,000 ETH over 30 days on April 21st – the largest decrease recorded since early 2023. Binance followed suit on April 27th, reducing its open interest by 81,200 ETH. This means two of the biggest platforms for Ethereum trading are both decreasing their leveraged positions at the fastest rate seen in over two years.

