<ul><li>Ethereum open interest has dropped to levels last seen in November 2024, currently below $20 billion due to the significant price crash in the last four months.</li><li>The decrease in open interest suggests a lack of interest in Ethereum, with bears currently more in control than bulls.</li><li>The decline in Ethereum whale transactions over the last seven days indicates a bearish trend, with profitability for Ethereum investors notably lower compared to Bitcoin holders.</li><li>Despite the current low interest and profitability for Ethereum, periods of low interest have historically preceded market reversals, potentially signaling a bottom for Ethereum's price.</li></ul>

Ethereum Open Interest Drops To November 2024 Levels, But Price Remains Below $2,000

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