According to Odaily, since the Federal Reserve lowered the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward trend aligns with a significant increase in the weighted perpetual futures funding rate for ETH open interest, indicating stronger demand for long positions and growing trader optimism about a potential rise in ETH prices.
However, Ruslan Lienkha, the market head at cryptocurrency exchange YouHodler, cautions that while the market sentiment towards Ethereum is optimistic, there is a risk of a market correction if the optimism becomes excessive or if external factors change.
