#TopContentChallence# Ethereum retraces from $3,900 local top but declining exchange reserves signal more upside
Ethereum is trading at $3,786, down about 3.7% from its local high of $3,933 recorded on July 28.
The move marks a minor retracement after a sharp rally over the past 30 days, with the token still up 56%. While trading volume has dropped 12.2% over the last 24 hours to $26.1 billion, derivatives activity shows sustained market interest.
CoinGlass data shows that Ethereum Ethereum
eth
0.15%
Ethereum futures volume jumped 28.33% to $111.23 billion, even as open interest dipped slight