In June, Ethereum has experienced significant corrections but rebounded strongly, demonstrating resilience against market volatility. This month, it has recovered 20.3%, significantly outperforming Bitcoin, thus signaling a robust altcoin market.
The current Open Interest in Ethereum stands at 36 billion USD, reflecting positive market sentiment. The Estimated Leverage Ratio is also increasing, indicating renewed investor interest in ETH, which could point towards potential future gains.
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