Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
Ether’s 13% drop below the key $3,000 level since early August may be nearing its end, as two onchain metrics suggest that the correction may be over soon.
“Buyers are starting to regain strength in Ether,” verified CryptoQuant author Burak Kesmeci wrote in an Aug. 19 report.
Kesmeci pointed to two popular onchain metrics, the Taker Buy Sell ratio and Open Interest (OI), claiming that Ether (ETH) may regain strength in the near term.
