Ethereum (ETH), the world’s second-largest cryptocurrency, maintains its bullish momentum
Surging another 7% and edging closer to the $3,900 mark. A recent surge in the ETH price demonstrates renewed faith among investors while igniting a flurry of buying activity in the cryptocurrency market. The Ethereum funding rates have experienced a substantial uptick, similar to levels observed in late 2020 when ETH embarked on a robust bullish rally toward its all-time high. Therefore, traders need to closely monitor funding rates amidst ETH’s bullish momentum and implement effective risk management strategies, reports CryptoQuant. At present, the Ethereum price stands at $3,775, with its market capitalization surpassing $450 billion.
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