CoinScoopETH Open Interest Hits 110-Day High Amid Shift in FOMC Rate Hike Expectations
Ethereum open interest has reached its highest level in approximately 110 days. The surge follows comments from Federal Reserve Governor Christopher Waller, who signaled readiness to support a pause in interest rate hikes at the September FOMC meeting if inflation continues to cool. Consequently, ETH prices rose by 4% to 2,500 USD.
Summaries are written by AI from the original article. Not investment advice.