{"id":197238,"date":"2023-11-21T00:26:30","date_gmt":"2023-11-20T18:56:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-reinstates-bid-for-3k-as-options-open-interest-surges-to-6-7b-crypto-news\/"},"modified":"2023-11-21T00:26:34","modified_gmt":"2023-11-20T18:56:34","slug":"ethereum-price-reinstates-bid-for-3k-as-options-open-interest-surges-to-6-7b-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-reinstates-bid-for-3k-as-options-open-interest-surges-to-6-7b-crypto-news\/","title":{"rendered":"Ethereum Price Reinstates Bid For $3k As Options Open Interest Surges To $6.7B – Crypto News"},"content":{"rendered":"

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\nEthereum price regains the ground above $2,000 after sweeping liquidity at $1,900. Investors are eager to buy the dip with the options OI increasing to $6.7 billion.\t\t\t\t<\/p>\n

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Published 10 mins ago <\/p>\n

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Investors have spent the last few days buying the dip as Ethereum price corrected from highs around $2,130. Over the last 30 days, the largest smart contracts token has increased in value by 24% to trade at $2,030 on Monday during US business hours.<\/p>\n

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This is in addition to another 72% increase in Ether\u2019s market value in 12 months, data by\u00a0CoinGecko<\/span><\/a>\u00a0shows.<\/p>\n

What Could Stability Above $2k Mean For Ethereum Price<\/h2>\n

Bulls reaffirmed their commitment to the ongoing recovery with\u00a0Ethereum rising<\/span><\/a>\u00a0to trade above the pivotal $2,000. The pullback to $1,900 allowed sidelined investors to buy ETH.<\/p>\n

More buyers continue to join the trend as the tailwind intensifies. However, it is becoming apparent that keeping\u00a0Ethereum price<\/span><\/a>\u00a0buoyant above $2,000 would be in the best interest of the bulls, especially with the climb to $3,000 beckoning.<\/p>\n

Recommended for you:<\/b>\u00a0Cardano Price Leads Bull Market Rally As Hoskinson Dangles Decentralized LLM Partnership To OpenAI Founder Altman<\/span><\/a><\/span><\/p>\n

While the Relative Strength Index (RSI) might have encouraged traders to close their positions and lock in the gains. There\u2019s a high probability the same traders are buying the dip. For now, keenly following the RSI reveals an improving bullish outlook.<\/p>\n

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\"Ethereum