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Ethereum futures open interest drops by over 80 million ETH as price trades below $2,000
Ethereum is trading below the $2,000 mark with elevated volatility and weak sentiment as traders stay cautious around this psychological level. Over the past 30 days, futures open interest across major exchanges has contracted by more than 80 million ETH, signaling broad deleveraging and a reset in derivatives exposure. Price action now shows persistent downside pressure, with key support seen in the $1,600–$1,700 area as the market searches for a stable base.