Ether (ETH) experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to its highest level in seven months, leading traders to speculate whether a rally to $3,600 is the next probable move. Increased interest in Ether futures is not necessarily bullishThe increased activity in ETH futures contracts typically indicates institutional investors’ interest, as open interest m…