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.
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