Ethereum Price Forecast: Derivatives yet to establish direction, investors turn to staking

Ethereum's open interest (OI) jumped to 14.6 million ETH on Thursday, its highest level since August, amid the recent price drop. Ethereum price today: $2,060Ethereum open interest rose to 14.6 million ETH, but funding rates show investors have yet to establish a direction.Investors have staked a record 38.1 million ETH across Ethereum staking protocols.ETH has failed to break… Ethereum's open interest (OI) jumped to 14.6 million ETH on Thursday, its highest level since August, amid the recent price drop. Ethereum price today: $2,060Ethereum open interest rose to 14.6 million ETH, but funding rates show investors have yet to establish a direction.Investors have staked a record 38.1 million ETH across Ethereum staking protocols.ETH has failed to break above the 50-day EMA.Ethereum's open interest (OI) jumped to 14.6 million ETH on Thursday, its highest level since August, amid the recent price drop.Open interest is the total worth of unsettled contracts in… For traders, this matters because crypto headlines can change short-term momentum, liquidity conditions and broader risk appetite within minutes. Watch follow-through in majors, exchange volume and risk sentiment in US indices to judge whether the move has real participation behind it.