Ethereum’s Contract Holdings Slip 0.62% in 24 Hours As ETH Drops By 1.57%

• Ethereum contract holdings dropped 0.62% in the past 24 hours.
• Bitcoin contract holdings dropped 0.08% in the past 24 hours.
• ETH and BTC prices pulled back slightly following drops in contract holdings.

According to BlockBeats, a professional blockchain research institution and information platform, the total Ethereum contract holdings on the entire network were reported at $14.798 billion, a 24-hour decrease of 0.62%. Citing data from Coinglass, the research institution also noted that the total Bitcoin contract holdings on the entire network are now reported at $36.566 billion, a slight decrease of 0.08% in 24 hours.

BlockBeats’ observation was reflected in Ethereum’s price, as the flagship altcoin experienced a slight pullback in the past 24 hours after rallying impressively in the past two weeks. TradingView’s data shows Ethereum slipped by 1.57% to trade for $3,490 at the time of writing, having rallied 25% in the past two weeks.

Ethereum’s recent rally pushed the top altcoin slightly above the $3,500 resistance level after recovering from a price slump that affected nearly the entire crypto market. The German government’s Bitcoin se…

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