- Ethereum’s Funding Rates hit 0.03%, signaling bullish sentiment and rising market interest.
- The key levels to watch are $3,800 resistance and $3,700 support as momentum builds.
Ethereum’s Funding Rates have surged to multi-month highs, reaching levels last observed in January 2024, when ETH ($3,393.91) experienced an 88% rally. This increase reflects growing bullish sentiment in the derivatives market, driven by a rise in open interest and shifts in trader positions.
The metrics suggest potential upside momentum for Ethereum as the market watches critical price levels.
Ethereum Funding Rates hit a major milestone
The Ethereum Funding Rates chart, per CryptoQuant, shows a significant increase to 0.03%, marking a pivotal moment in market dynamics.
Elevated funding rates historically indicate traders leaning heavily toward long positions, reflecting expectations of fur...
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