Ether Trades Below 50-Day Average as Open Interest Rises 4.86%
Photo: TokenPost
Ether (ETH) fell 1.76% to $2,528.64 on Oct. 13, trading below its 50-day simple moving average as futures open interest increased and taker sell volume exceeded taker buy volume. The Binance spot range was $2,409.09 to $2,579.88. ETH remained above its seven-day SMA at $2,508.00 and 200-day SMA at $2,139.54, but stayed below the 20-day SMA at $2,628.50, 50-day SMA at $2,557.38, 12-day exponential moving average at $2,561.80 and 26-day EMA at $2,576.93. Binance Futures open interest rose 4.86% over 24 hours to 2,305,347.28 contracts, representing approximately $5.84 billion in notional value.
Source: TokenPost
