After a week of choppy price action, Ethereum (ETH) declined by another 1.4% today as it struggles to hold fort near $4,300. The derivatives market, however, is showing resilience despite recent price weakness.

In its latest post, CryptoQuant noted that Binance’s ETH open interest (OI) has continued to hold above $8.4 billion, even after the asset dipped below $4,400 this week. On August 30, open interest was recorded at the $8.4 billion threshold, and while price action has since turned lower, OI has not broken decisively below that level.

After a week of choppy price action, Ethereum (ETH) declined by another 1.4% today as it struggles to hold fort near $4,300. The derivatives market, however, is showing resilience despite recent price weakness.

In its latest post, CryptoQuant noted that Binance’s ETH open interest (OI) has continued to hold above $8.4 billion, even after the asset dipped below $4,400 this week. On August 30, open interest was recorded at the $8.4 billion threshold, and while price action has since turned lower, OI has not broken decisively below that level.