Ethereum Funding Rate at an All-Time Low
Ethereum's Funding Rate has reached a new low for 2024, indicating a bearish sentiment among investors. This rate measures the cost to maintain a leveraged position in futures trading. A low funding rate suggests fewer people are willing to pay for leverage, pointing to a potential price drop. Currently, Ethereum trades around $2,300, with stable spot trading volume of $14 billion. However, a decline in this volume could lead to further price pressure.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
