ETH has seen a 0.3% increase over the past 24 hours, reaching a trading price of $3,080. Its market cap stands at $370 billion. Meanwhile, the total open interest (OI) for ETH has seen a decrease for the third consecutive day, dropping from $5.02 billion on April 14 to $4.83 billion at the time of reporting.
This decline in OI could potentially lead to lower volatility for the token, as it may result in fewer liquidations. On the other hand, the Relative Strength Index (RSI) for ETH has risen from 38 to 43 over the past 24 hours, indicating that the ETH price is in a relatively good condition and is slowly moving towards the overvalued zone. However, for ETH to remain in the bullish zone, its RSI would need to stay below the 50 mark.
