[Analysis: ETH Open Interest Rises to $25.4 Billion, Institutions Continue Accumulating but Derivatives Sentiment Remains Cautious] Deep Tide TechFlow reports, on April 16, according to Cointelegraph, Ethereum's recent rebound has stabilized its price above $2,300, with ETH futures open interest increasing to $25.4 billion, indicating rising demand for leveraged positions. Meanwhile, the U.S.-listed Ethereum spot ETF saw a net inflow of $248 million over the past 10 days, and Bitmine Immersion disclosed a purchase of $312 million worth of ETH. However, the funding rate for ETH perpetual contracts has struggled to stay above 5% and has repeatedly fallen below 0, reflecting limited market confidence in this round of price increases. Additionally, Ethereum's weekly DApp revenue has dropped from $24 million in early February to $11 million, with weakening network activity and intensified competition among public chains potentially continuing to impact ETH's performance.