Let’s take a look at the latest Ethereum data:

1⃣ Futures funding rates remain in positive territory at 0.01, supporting the spot market without overheating.

2⃣ The buy/sell ratio in derivatives shows a buyers’ advantage (0.57).

3⃣ Open interest has increased by 3.18% in the last 24 hours, indicating a slight warming of the market in the short term.

4⃣ Liquidations: $6 million in shorts have been liquidated in the last 24 hours, reducing selling pressure.

Overall, selling pressure in the futures market has eased somewhat, and bulls are gradually entering the scene.