Ethereum Price Under Pressure As $400 Million Of Open Interest Wiped Out

Ethereum price surpassed $1900 for the first time after August, rising more than 16% in a month. This comes as Bitcoin takes a breather near $35K and altcoins take the lead. While the market sentiment remains positive, ETH price is under pressure as millions of open interest (OI) have been wiped out after a significant increase last week.