CryptoQuant analyst: Ethereum funding rate hits multi-month high, rebound indicates bullish momentum but correction may occur
CryptoQuant analyst ShayanBTC wrote that the Ethereum funding rate indicator in the futures market sentiment has skyrocketed to the highest level in months, which coincides with the sharp rebound in prices. This highlights strong bullish sentiment, with traders expecting to hit a new all-time high. However, the market may need to adjust to maintain this momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can the 40 billion bitcoin taken away by Qian Zhimin be returned to China?
Our core demand is very clear—to return the assets to their rightful owners, that is, to return them to the Chinese victims.
Bitcoin Surges but Stumbles: Will Crypto Market Recover?
In Brief Bitcoin fails to maintain its position above $93,000 and faces heavy selling pressure. Altcoins experience sharp declines, with some showing mixed performance trends. Shifts in U.S. spot Bitcoin ETF flows highlight cautious investor behavior.
Qubic and Solana: A Technical Breakthrough by Studio Avicenne
Trending news
MoreCrypto prices
More
