Ethereum funding is showing mixed signals: first rising, then falling sharply after a rejection at $4K. This indicates a decline in trader interest.

The rise in funding rates initially indicated cautious optimism, but their decline has weakened Ethereum’s bullish momentum. Support at $3K is critical: holding above could stabilize the market and resume growth.

A break of this level could lead to increased selling and a deeper correction. Ethereum’s future depends on the recovery of funding rates and the defense of $3K, which will determine the further direction of the market.