🔍 Market Insights: Ethereum Funding Rates in 2024

Negative funding rates often signal that shorts are paying longs, reflecting bearish sentiment. But in 2024, the data tells a different story for #Ethereum. According to Glassnode, Ethereum's funding rates have predominantly been positive, indicating a bullish outlook from the market. 📈🚀

This shift in sentiment suggests that traders are expecting Ethereum's value to rise, aligning with broader trends in the crypto space. Stay informed and consider this trend as you navigate your trading strategies.

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