CoinGlass: Open Interest in Ethereum Futures Rises to One-Month High

Ethereum developers yesterday activated The Merge fork on the asset’s network.

Interest in ETH futures has been increasing in anticipation to the event.

According to CoinGlass analysts, the amount of open contracts on September 13 reached $9.24 billion, which is the highest level since mid-August.

A similar situation is observed in the Ethereum options market, where open interest in the product has recently reached $8.021 billion.

After the fork, which has recently been activated, the price of ETH could be under pressure from sellers and might fall to $1,300.