MarketPR

ETH Sentiment Craters to Extreme Fear as Open Interest Falls 25%, $1,500 Floor Watched

6/10/2026

Ethereum's ($ETH) derivatives market has shed 25% of open interest — the total value of unsettled futures and options contracts — as the token slides roughly 12% over the past week to trade near $1,626.

On-chain sentiment data has simultaneously collapsed into an extreme fear reading, a zone that tends to mark either genuine capitulation or the last leg lower before a tradeable floor.

Traders are now watching $1,500 as the next meaningful support level.

What the On-Chain Signals Are Saying Extreme fear readings in sentiment trackers reflect a market where most participants have shifted from greed-driven positioning to defensive or exit mode.