Ethereum’s futures open interest has reached an all-time high, with concerns that this trend may precede a price crash. Between October 14 and 15, Ether gained 8.8%, but resistance at $2,650 was tough to break. Historical data indicates that open interest peaks often lead to significant price corrections. For instance, when open interest peaked on August 2, Ether's price dropped 31.7% in just four days. As the aggregate Ether futures market surpassed 5 million ETH on October 15, the concern grows. While higher open interest can typically signal bearish market conditions, it does not always result in downturns if the broader market is stable. Notably, historical instances like those in April have shown similar patterns leading to price declines. Current trends suggest the possibility of a 20-25% drop in Ether’s price if market conditions weaken, but a breakout in Bitcoin could lead to further bullish sentiment for Ether.

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